Approved research institution status requires separate research accounts, annual returns and audited accounts submission to authorities. Poona District Leprosy Committee is approved as an institution eligible for the Income tax research exemption under clause (ii) of sub section (1) of section 35, conditional on maintaining separate accounts for research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 30th April each year, and submitting audited annual accounts and balance sheet to the prescribed authority by 30th June each year with copies to the concerned Commissioner of Income tax; the approval covers the period from 29 12 1984 to 31 3 1986.
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.
Approved research institution status requires separate research accounts, annual returns and audited accounts submission to authorities.
Poona District Leprosy Committee is approved as an institution eligible for the Income tax research exemption under clause (ii) of sub section (1) of section 35, conditional on maintaining separate accounts for research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 30th April each year, and submitting audited annual accounts and balance sheet to the prescribed authority by 30th June each year with copies to the concerned Commissioner of Income tax; the approval covers the period from 29 12 1984 to 31 3 1986.
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