Scientific research approval under section 35(1)(ii) requires separate research accounts, annual returns and audited reporting. Approval of the Kerala Forest Research Institute, Peechi, as an association under section 35(1)(ii) is conditional on maintaining separate accounts for research funds, furnishing annual research returns to the prescribed authority by 30th April, and submitting audited annual accounts and balance-sheet to the prescribed authority and the Commissioner by 30th June; approval renewal must be sought from the Central Board of Direct Taxes 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.
Scientific research approval under section 35(1)(ii) requires separate research accounts, annual returns and audited reporting.
Approval of the Kerala Forest Research Institute, Peechi, as an association under section 35(1)(ii) is conditional on maintaining separate accounts for research funds, furnishing annual research returns to the prescribed authority by 30th April, and submitting audited annual accounts and balance-sheet to the prescribed authority and the Commissioner by 30th June; approval renewal must be sought from the Central Board of Direct Taxes at least three months before expiry.
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