Approval under section 35(1)(ii) permits association research deduction subject to accounting, annual returns, audited accounts and renewal. Approval is granted to Associated Electronics Research Foundation, New Delhi, as an association for the purpose of deductions for scientific research under the Income-tax Act, subject to conditions: maintain separate research accounts; file annual research activity returns with the prescribed authority by 30 April; furnish audited annual accounts and balance-sheet to the prescribed authority and Commissioner of Income-tax by 30 June; and apply to the tax board for extension at least three months before approval expiry. The approval is effective from 15-5-1985 to 31-3-1988.
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) permits association research deduction subject to accounting, annual returns, audited accounts and renewal.
Approval is granted to Associated Electronics Research Foundation, New Delhi, as an association for the purpose of deductions for scientific research under the Income-tax Act, subject to conditions: maintain separate research accounts; file annual research activity returns with the prescribed authority by 30 April; furnish audited annual accounts and balance-sheet to the prescribed authority and Commissioner of Income-tax by 30 June; and apply to the tax board for extension at least three months before approval expiry. The approval is effective from 15-5-1985 to 31-3-1988.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
