Research institution approval under section 35(1)(ii) confers recognized status subject to annual returns, audited accounts, and renewal. Deccan Sugar Institute, Manjari, Pune is approved as an Institution for research-related tax recognition subject to conditions: maintain a separate account for research receipts; furnish annual returns of research activities by 30th April; submit audited annual accounts and balance-sheet to the prescribed authority and the Commissioner by 30th June; and apply for extension at least three months before approval expiry. The approval applies for the period 1-4-1985 to 31-3-1988.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval under section 35(1)(ii) confers recognized status subject to annual returns, audited accounts, and renewal.
Deccan Sugar Institute, Manjari, Pune is approved as an Institution for research-related tax recognition subject to conditions: maintain a separate account for research receipts; furnish annual returns of research activities by 30th April; submit audited annual accounts and balance-sheet to the prescribed authority and the Commissioner by 30th June; and apply for extension at least three months before approval expiry. The approval applies for the period 1-4-1985 to 31-3-1988.
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