Research institution approval requires annual returns, audited accounts filing, and timely renewal applications for continued tax recognition. Approval is granted to The Mother's Institute of Research, New Delhi, under approval for research expenditure pursuant to clause (ii) of sub section (1) of section 35, subject to conditions: maintain separate research accounts; furnish annual scientific research returns by 31 May; submit audited annual accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the Commissioner by 30 June; and apply to the Central Board for extension at least 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.
Research institution approval requires annual returns, audited accounts filing, and timely renewal applications for continued tax recognition.
Approval is granted to The Mother's Institute of Research, New Delhi, under approval for research expenditure pursuant to clause (ii) of sub section (1) of section 35, subject to conditions: maintain separate research accounts; furnish annual scientific research returns by 31 May; submit audited annual accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the Commissioner by 30 June; and apply to the Central Board for extension at least three months before approval expiry.
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