Approval under section 35(1)(ii): research approval requires separate accounts, annual returns, audited accounts and timely renewal. Approval under section 35(1)(ii) is granted to Span Research Centre, Udhna, Surat, as an 'Association' subject to conditions: maintain separate accounts for research receipts; furnish annual returns of scientific research activities by 30 April; submit audited annual accounts, income and expenditure statements and balance sheet to the prescribed authority and the concerned Commissioner of Income-tax by 30 June; and apply to the Central Board of Direct Taxes three months before expiry for extension.
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): research approval requires separate accounts, annual returns, audited accounts and timely renewal.
Approval under section 35(1)(ii) is granted to Span Research Centre, Udhna, Surat, as an "Association" subject to conditions: maintain separate accounts for research receipts; furnish annual returns of scientific research activities by 30 April; submit audited annual accounts, income and expenditure statements and balance sheet to the prescribed authority and the concerned Commissioner of Income-tax by 30 June; and apply to the Central Board of Direct Taxes three months before expiry for extension.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
