Approval under section 35(1)(ii) - institutional recognition granted subject to research accounting, reporting and audit conditions. Approval under section 35(1)(ii): Potash Research Institute of India is recognised as an Institution in other natural and applied sciences subject to conditions: maintain separate research accounts; furnish annual returns of scientific research by 30 April; submit audited annual accounts, income and expenditure statement and balance-sheet to the prescribed authority and the Commissioner of Income-tax by 30 June; and apply for extension three months before approval 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) - institutional recognition granted subject to research accounting, reporting and audit conditions.
Approval under section 35(1)(ii): Potash Research Institute of India is recognised as an Institution in other natural and applied sciences subject to conditions: maintain separate research accounts; furnish annual returns of scientific research by 30 April; submit audited annual accounts, income and expenditure statement and balance-sheet to the prescribed authority and the Commissioner of Income-tax by 30 June; and apply for extension three months before approval expiry, with late applications liable to rejection.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
