Approval under section 35(1)(ii): institution must keep separate research accounts and file annual audited returns. Approval under Section 35(1)(ii) is granted to Kamayani Udyog Kendra Society, Pune, as an Institution for the period 1-4-1986 to 31-3-1987, subject to maintaining separate accounts for research receipts and furnishing annual returns of research activities to the prescribed authority by 30 April. The Society must submit audited annual accounts showing total income, expenditure and a balance-sheet to the prescribed authority and provide copies to the Commissioner of Income-tax by 30 June. Extension applications must be filed with the Central Board of Direct Taxes at least three months before 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): institution must keep separate research accounts and file annual audited returns.
Approval under Section 35(1)(ii) is granted to Kamayani Udyog Kendra Society, Pune, as an Institution for the period 1-4-1986 to 31-3-1987, subject to maintaining separate accounts for research receipts and furnishing annual returns of research activities to the prescribed authority by 30 April. The Society must submit audited annual accounts showing total income, expenditure and a balance-sheet to the prescribed authority and provide copies to the Commissioner of Income-tax by 30 June. Extension applications must be filed with the Central Board of Direct Taxes at least three months before expiry.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
