Approval of research institution under section 35(1)(ii) requires separate research accounts, annual returns, audited accounts and timely renewal. Approval under section 35(1)(ii) recognises the All India Heart Foundation as an institution eligible for research-related tax provisions, subject to maintenance of a separate account for research receipts, exclusion of non-research expenditure from that account, prohibition on adding certain project assets, annual submission of research activity returns and audited financial statements to the prescribed authority and tax authorities, and timely application for extension of approval 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 of research institution under section 35(1)(ii) requires separate research accounts, annual returns, audited accounts and timely renewal.
Approval under section 35(1)(ii) recognises the All India Heart Foundation as an institution eligible for research-related tax provisions, subject to maintenance of a separate account for research receipts, exclusion of non-research expenditure from that account, prohibition on adding certain project assets, annual submission of research activity returns and audited financial statements to the prescribed authority and tax authorities, and timely application for extension of approval before expiry.
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