Approval under section 35(1)(ii) confirms institutional research tax status subject to reporting and renewal obligations. Approval under section 35(1)(ii) recognises Grasim Medical Research Institute as an approved association for research-related income-tax purposes, conditional on maintaining separate research accounts, filing annual research activity returns to the prescribed authority by 30th April, submitting audited annual accounts and balance-sheet with copies to the Commissioner by 30th June, and applying for approval renewal to the tax board at least three months before expiry, with late applications liable to rejection.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii) confirms institutional research tax status subject to reporting and renewal obligations.
Approval under section 35(1)(ii) recognises Grasim Medical Research Institute as an approved association for research-related income-tax purposes, conditional on maintaining separate research accounts, filing annual research activity returns to the prescribed authority by 30th April, submitting audited annual accounts and balance-sheet with copies to the Commissioner by 30th June, and applying for approval renewal to the tax board at least three months before expiry, with late applications liable to rejection.
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