Research approval under section 35(1)(ii) requires separate research accounts, annual returns, audited accounts and timely renewal. Approval is granted to Ram Narain Ruia College, Matunga, Bombay, under Section 35(1)(ii) as an approved research institution (category 'College') for 1-9-1986 to 31-3-1989. Conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities by 30 April; submit audited annual accounts and balance-sheet to the prescribed authority and Commissioner by 30 June; and apply to the Central Board of Direct Taxes for extension at least three months before approval expiry.
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Research approval under section 35(1)(ii) requires separate research accounts, annual returns, audited accounts and timely renewal.
Approval is granted to Ram Narain Ruia College, Matunga, Bombay, under Section 35(1)(ii) as an approved research institution (category "College") for 1-9-1986 to 31-3-1989. Conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities by 30 April; submit audited annual accounts and balance-sheet to the prescribed authority and Commissioner by 30 June; and apply to the Central Board of Direct Taxes for extension at least three months before approval expiry.
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