Approved Institution recognition under section 35(1)(ii) requires annual research returns, audited accounts, and timely renewal application. Recognition as an Approved Institution under section 35(1)(ii) for the Kidwai Memorial Institute of Oncology is conditional on maintaining a separate account for research receipts, filing annual returns of scientific research activities by 30 April, and submitting audited annual accounts and a balance sheet to the prescribed authority and the Commissioner of Income-tax by 30 June. Continuation of approval requires an application for extension at least three months before expiry, with late applications liable to rejection.
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Provisions expressly mentioned in the judgment/order text.
Approved Institution recognition under section 35(1)(ii) requires annual research returns, audited accounts, and timely renewal application.
Recognition as an Approved Institution under section 35(1)(ii) for the Kidwai Memorial Institute of Oncology is conditional on maintaining a separate account for research receipts, filing annual returns of scientific research activities by 30 April, and submitting audited annual accounts and a balance sheet to the prescribed authority and the Commissioner of Income-tax by 30 June. Continuation of approval requires an application for extension at least three months before expiry, with late applications liable to rejection.
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