Approval under section 35(1)(ii) grants tax recognition to a research association subject to annual accounts and reporting. Approval under section 35(1)(ii) recognizes the Maharashtra Association for the Cultivation of Science, Pune as eligible for tax recognition for scientific research, subject to maintaining separate research accounts, filing annual returns of research activities in prescribed forms by the annual deadline, and submitting audited annual accounts and balance-sheet to the prescribed authority and tax authorities; the institution must apply in advance for extension of approval or risk rejection.
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) grants tax recognition to a research association subject to annual accounts and reporting.
Approval under section 35(1)(ii) recognizes the Maharashtra Association for the Cultivation of Science, Pune as eligible for tax recognition for scientific research, subject to maintaining separate research accounts, filing annual returns of research activities in prescribed forms by the annual deadline, and submitting audited annual accounts and balance-sheet to the prescribed authority and tax authorities; the institution must apply in advance for extension of approval or risk rejection.
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