Approval under section 35(1)(ii) allows research deduction subject to separate accounts, annual returns, audited accounts, and renewal filing. Approval under section 35(1)(ii) was granted to the National Council of Science Museum, Calcutta as an approved Institution for research-related tax purposes, subject to conditions: maintain a separate account for research receipts; furnish annual research returns to the prescribed authority by 30 April; submit audited annual accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June; and apply to the Central Board of Direct Taxes three months before expiry for extension. The approval is effective from 1 April 1986 to 31 March 1989.
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) allows research deduction subject to separate accounts, annual returns, audited accounts, and renewal filing.
Approval under section 35(1)(ii) was granted to the National Council of Science Museum, Calcutta as an approved Institution for research-related tax purposes, subject to conditions: maintain a separate account for research receipts; furnish annual research returns to the prescribed authority by 30 April; submit audited annual accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June; and apply to the Central Board of Direct Taxes three months before expiry for extension. The approval is effective from 1 April 1986 to 31 March 1989.
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