Approval under section 35(1)(ii) secures tax-recognition for research institutions, subject to annual returns, audited accounts, and renewal rules. The Eye Research Foundation, Madras, is notified as an approved research institution under the tax provision for scientific research, conditional on maintaining a separate research account, filing annual returns of research activities by 30 April, submitting audited annual accounts and balance-sheet to the prescribed authority and tax commissioner by 30 June, and applying for renewal three months before approval expiry; late renewal applications may be rejected. The notification names the institution and states a defined effective period.
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) secures tax-recognition for research institutions, subject to annual returns, audited accounts, and renewal rules.
The Eye Research Foundation, Madras, is notified as an approved research institution under the tax provision for scientific research, conditional on maintaining a separate research account, filing annual returns of research activities by 30 April, submitting audited annual accounts and balance-sheet to the prescribed authority and tax commissioner by 30 June, and applying for renewal three months before approval expiry; late renewal applications may be rejected. The notification names the institution and states a defined effective period.
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