Research approval under section 35(1)(ii) requires separate accounts, annual returns and audited statements for tax recognition. Approval of Dabar Research Foundation under section 35(1)(ii) is conditional on maintaining separate research accounts, filing prescribed annual returns of scientific research activities, and submitting audited annual accounts and balance-sheet to the prescribed authority and the Commissioner of Income-tax by the stated annual deadlines; renewal requires advance application to the tax board, 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.
Research approval under section 35(1)(ii) requires separate accounts, annual returns and audited statements for tax recognition.
Approval of Dabar Research Foundation under section 35(1)(ii) is conditional on maintaining separate research accounts, filing prescribed annual returns of scientific research activities, and submitting audited annual accounts and balance-sheet to the prescribed authority and the Commissioner of Income-tax by the stated annual deadlines; renewal requires advance application to the tax board, with late applications liable to rejection.
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