Approval under section 35(1)(ii) recognizes a research association subject to separate accounts, annual returns, and renewal filings. Approval under section 35(1)(ii) granted to Usha Scientific Research Institute, Calcutta, as an 'Association' is subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities by 30 April, submitting audited annual accounts and balance-sheet to the prescribed authority and Commissioner of Income-tax by 30 June, and applying for extension to the Central Board of Direct Taxes at least three months before approval 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) recognizes a research association subject to separate accounts, annual returns, and renewal filings.
Approval under section 35(1)(ii) granted to Usha Scientific Research Institute, Calcutta, as an "Association" is subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities by 30 April, submitting audited annual accounts and balance-sheet to the prescribed authority and Commissioner of Income-tax by 30 June, and applying for extension to the Central Board of Direct Taxes at least three months before approval expiry.
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