Approval under section 35(1)(ii) confirms institutional research recognition subject to accounting, annual returns, audited accounts and renewal timelines. Approval under section 35(1)(ii) recognizes Karnataka Cancer Therapy & Research Institute, Hubli as an eligible institution for research-related tax treatment, subject to maintaining a separate account for research receipts, furnishing annual scientific research returns by 30 April, submitting audited annual accounts and balance sheet to the prescribed authority and Commissioner by 30 June, and applying for renewal to the Central Board of Direct Taxes at least three months 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.
Approval under section 35(1)(ii) confirms institutional research recognition subject to accounting, annual returns, audited accounts and renewal timelines.
Approval under section 35(1)(ii) recognizes Karnataka Cancer Therapy & Research Institute, Hubli as an eligible institution for research-related tax treatment, subject to maintaining a separate account for research receipts, furnishing annual scientific research returns by 30 April, submitting audited annual accounts and balance sheet to the prescribed authority and Commissioner by 30 June, and applying for renewal to the Central Board of Direct Taxes at least three months before expiry.
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