Approval under section 35(1)(ii) for research institution requires separate accounts, annual returns, audited accounts, and timely renewal. Approval is granted to the Research Society of Bombay College of Pharmacy under section 35(1)(ii) as an 'Association' subject to conditions: maintain separate research accounts; furnish annual research returns by 30 April; submit audited accounts and balance sheet with copies to the Commissioner by 30 June; and apply for renewal to the Central Board of Direct Taxes at least three months before expiry. The approval covers 1 April 1985 to 31 March 1988.
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) for research institution requires separate accounts, annual returns, audited accounts, and timely renewal.
Approval is granted to the Research Society of Bombay College of Pharmacy under section 35(1)(ii) as an "Association" subject to conditions: maintain separate research accounts; furnish annual research returns by 30 April; submit audited accounts and balance sheet with copies to the Commissioner by 30 June; and apply for renewal to the Central Board of Direct Taxes at least three months before expiry. The approval covers 1 April 1985 to 31 March 1988.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
