Research institution approval under section 35(1)(ii) requires separate research accounts and annual audited filings. Approval is granted to Dr. B. N. Chakravorty Homoeopathic Research Society and Foundation under section 35(1)(ii) as an Association, subject to conditions: maintain a separate account for research receipts; file annual returns of scientific research activities by 31 May; submit audited annual accounts and balance-sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June; and apply for extension at least three months before approval expiry.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval under section 35(1)(ii) requires separate research accounts and annual audited filings.
Approval is granted to Dr. B. N. Chakravorty Homoeopathic Research Society and Foundation under section 35(1)(ii) as an Association, subject to conditions: maintain a separate account for research receipts; file annual returns of scientific research activities by 31 May; submit audited annual accounts and balance-sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June; and apply for extension at least three months before approval expiry.
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