Research approval under section 35(1)(ii) requires separate research accounts and annual audited returns for continued recognition. Approval under section 35(1)(ii) was granted to the Indian Cancer Society, Solapur, as an 'Association' for research, conditional on maintaining a separate account for research funds, filing annual returns of research activities by 31 May, submitting audited annual accounts (income, expenditure, assets, liabilities) to the prescribed authority and providing copies to the Central Board of Direct Taxes and the concerned Commissioner by 30 June, and applying for extension at least three months before approval expiry.
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Provisions expressly mentioned in the judgment/order text.
Research approval under section 35(1)(ii) requires separate research accounts and annual audited returns for continued recognition.
Approval under section 35(1)(ii) was granted to the Indian Cancer Society, Solapur, as an "Association" for research, conditional on maintaining a separate account for research funds, filing annual returns of research activities by 31 May, submitting audited annual accounts (income, expenditure, assets, liabilities) to the prescribed authority and providing copies to the Central Board of Direct Taxes and the concerned Commissioner by 30 June, and applying for extension at least three months before approval expiry.
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