Approval under section 35(1)(ii) grants research-related tax recognition subject to annual accounting and reporting obligations. Approval under section 35(1)(ii) recognises Arvind Medical Research Foundation, Madurai, as an approved institution (Association) subject to maintaining a separate account for scientific research, filing annual returns of research activities by 30 April, submitting audited accounts and balance-sheet with copies to the Commissioner by 30 June, and applying for extension to the Central Board of Direct Taxes at least three months before approval expiry; the approval runs from 1 April 1986 to 31 March 1989.
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) grants research-related tax recognition subject to annual accounting and reporting obligations.
Approval under section 35(1)(ii) recognises Arvind Medical Research Foundation, Madurai, as an approved institution (Association) subject to maintaining a separate account for scientific research, filing annual returns of research activities by 30 April, submitting audited accounts and balance-sheet with copies to the Commissioner by 30 June, and applying for extension to the Central Board of Direct Taxes at least three months before approval expiry; the approval runs from 1 April 1986 to 31 March 1989.
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