Research approval under section 35 granted to an institution, conditional on separate accounts and annual reporting obligations. Approval is granted to Child's Trust Medical Research Foundation, Madras, as an institution under clause (ii) of sub-section (1) of section 35 read with rule 6, effective 1-1-1987 to 31-3-1988, subject to conditions: maintain separate research accounts; file annual research returns by 31 May; submit audited accounts and balance sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the concerned Commissioner of Income-tax; and apply to the Central Board at least three months before expiry for extension, late applications being liable to rejection.
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Research approval under section 35 granted to an institution, conditional on separate accounts and annual reporting obligations.
Approval is granted to Child's Trust Medical Research Foundation, Madras, as an institution under clause (ii) of sub-section (1) of section 35 read with rule 6, effective 1-1-1987 to 31-3-1988, subject to conditions: maintain separate research accounts; file annual research returns by 31 May; submit audited accounts and balance sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the concerned Commissioner of Income-tax; and apply to the Central Board at least three months before expiry for extension, late applications being liable to rejection.
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