Approval under Section 35(1)(ii) for research association requires annual returns, audited accounts, and timely renewal application. Approval under section 35(1)(ii) is granted to Sangeet Research Academy, Calcutta, as an 'Association' subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30 April; submit audited annual accounts, income and expenditure statement, and balance sheet to the prescribed authority and the Commissioner of Income-tax by 30 June; and apply to the Central Board of Direct Taxes for extension three months before approval expiry.
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) for research association requires annual returns, audited accounts, and timely renewal application.
Approval under section 35(1)(ii) is granted to Sangeet Research Academy, Calcutta, as an "Association" subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30 April; submit audited annual accounts, income and expenditure statement, and balance sheet to the prescribed authority and the Commissioner of Income-tax by 30 June; and apply to the Central Board of Direct Taxes for extension three months before approval expiry.
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