Research institution approval under deduction provisions: approved with mandatory accounts, annual returns, audited statements and renewal timing obligations. The Schizophrenia Research Foundation (India), Madras is approved as an approved institution under Section 35(1)(ii) subject to conditions: maintain a separate research account; furnish annual research activity returns to the prescribed authority by 30 April; submit audited annual accounts and balance-sheet to the prescribed authority and the Commissioner of Income-tax by 30 June; and apply for extension three months before approval expiry, with late applications liable to rejection.
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 institution approval under deduction provisions: approved with mandatory accounts, annual returns, audited statements and renewal timing obligations.
The Schizophrenia Research Foundation (India), Madras is approved as an approved institution under Section 35(1)(ii) subject to conditions: maintain a separate research account; furnish annual research activity returns to the prescribed authority by 30 April; submit audited annual accounts and balance-sheet to the prescribed authority and the Commissioner of Income-tax by 30 June; and apply for extension three months before approval expiry, with late applications liable to rejection.
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