Approval under Income tax Act research clause grants institutional status, subject to separate research accounts, annual returns, audited accounts and renewal. Approval under section 35(1)(ii) designates N. M. Wadia Charitable Hospital, Solapur as an Institution for scientific research subject to conditions requiring the maintenance of separate accounts for research receipts, annual returns of research activities, submission of audited annual accounts and balance sheet to the prescribed authority and the Commissioner of Income tax by stated annual deadlines, and advance application for extension of approval before its 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 Income tax Act research clause grants institutional status, subject to separate research accounts, annual returns, audited accounts and renewal.
Approval under section 35(1)(ii) designates N. M. Wadia Charitable Hospital, Solapur as an Institution for scientific research subject to conditions requiring the maintenance of separate accounts for research receipts, annual returns of research activities, submission of audited annual accounts and balance sheet to the prescribed authority and the Commissioner of Income tax by stated annual deadlines, and advance application for extension of approval before its expiry.
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