Approval under section 35(1)(ii) subjects research institutions to separate accounting and specified annual reporting deadlines. Approval is granted to Conwest Jain Medical Research Society, Bombay, under section 35(1)(ii) of the Income-tax Act, categorising it as an Association, effective 1-4-1986 to 31-3-1988, and subject to conditions: maintain separate research accounts; furnish annual research activity returns by 30 April; submit audited accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June; and apply to the Central Board for extension 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.
Approval under section 35(1)(ii) subjects research institutions to separate accounting and specified annual reporting deadlines.
Approval is granted to Conwest Jain Medical Research Society, Bombay, under section 35(1)(ii) of the Income-tax Act, categorising it as an Association, effective 1-4-1986 to 31-3-1988, and subject to conditions: maintain separate research accounts; furnish annual research activity returns by 30 April; submit audited accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June; and apply to the Central Board for extension at least three months before expiry.
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