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Research approval under section 35(1)(ii) requires separate research accounts, annual returns and audited account submissions. Approval under the income-tax provision for research expenditure was granted to Gujarmal Modi Institute of Medical Sciences, New Delhi, as an association subject to conditions: maintain separate research accounts; file prescribed annual returns of scientific research activities; submit audited annual accounts, income and expenditure statement and balance-sheet to the prescribed authority and the commissioner by the annual deadline; seek timely advance application for extension of approval; and limit activities to specified research programmes while excluding capital medical care equipment from funding under the research provision, with ability to obtain case by case clearance for additional programmes.
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.
Research approval under section 35(1)(ii) requires separate research accounts, annual returns and audited account submissions.
Approval under the income-tax provision for research expenditure was granted to Gujarmal Modi Institute of Medical Sciences, New Delhi, as an association subject to conditions: maintain separate research accounts; file prescribed annual returns of scientific research activities; submit audited annual accounts, income and expenditure statement and balance-sheet to the prescribed authority and the commissioner by the annual deadline; seek timely advance application for extension of approval; and limit activities to specified research programmes while excluding capital medical care equipment from funding under the research provision, with ability to obtain case by case clearance for additional programmes.
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