Research institution approval requires separate research accounts, annual returns, audited accounts, and timely renewal application. Approval under section 35(1)(ii) is granted to Hyderabad Science Society, Hyderabad, as an 'Association' for the stated financial year, subject to conditions: maintain separate accounts for research receipts; furnish annual returns of scientific research activities to the prescribed authority in specified forms by the annual deadline; submit audited annual accounts, total income and expenditure statements, and balance sheets to the prescribed authority and copies to the Commissioner of Income-tax by the stated deadline; and apply to the Central Board of Direct Taxes for extension of approval within the prescribed advance period before expiry.
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.
Research institution approval requires separate research accounts, annual returns, audited accounts, and timely renewal application.
Approval under section 35(1)(ii) is granted to Hyderabad Science Society, Hyderabad, as an "Association" for the stated financial year, subject to conditions: maintain separate accounts for research receipts; furnish annual returns of scientific research activities to the prescribed authority in specified forms by the annual deadline; submit audited annual accounts, total income and expenditure statements, and balance sheets to the prescribed authority and copies to the Commissioner of Income-tax by the stated deadline; and apply to the Central Board of Direct Taxes for extension of approval within the prescribed advance period before expiry.
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