Research institution approval under section 35(1)(ii) requires separate research accounts and specified annual reporting deadlines. The Department of Science & Technology approved the Central Power Research Institute, Bangalore as an 'Institution' for purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, effective 26-12-1985 to 31-3-1988, subject to conditions: maintain separate research accounts; file annual scientific research returns by 30 April; submit audited accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June; and apply to the tax board for renewal 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.
Research institution approval under section 35(1)(ii) requires separate research accounts and specified annual reporting deadlines.
The Department of Science & Technology approved the Central Power Research Institute, Bangalore as an "Institution" for purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, effective 26-12-1985 to 31-3-1988, subject to conditions: maintain separate research accounts; file annual scientific research returns by 30 April; submit audited accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June; and apply to the tax board for renewal at least three months before expiry.
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