Research institution approval under income-tax rules requires strict accounting, annual returns, audited accounts, and timely renewal applications. Approval is granted to the Nutrition Society of India, Hyderabad, by the Department of Scientific and Industrial Research as an approved institution under clause (ii) of sub-section (1) of section 35 read with rule 6, effective from 1-4-1987 to 31-3-1990, and subject to conditions including separate accounts for research funds, annual returns of research activities by 31st May, audited accounts and balance-sheet submission by 30th June to the prescribed authority with copies to tax authorities, and timely application for extension three months before expiry.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval under income-tax rules requires strict accounting, annual returns, audited accounts, and timely renewal applications.
Approval is granted to the Nutrition Society of India, Hyderabad, by the Department of Scientific and Industrial Research as an approved institution under clause (ii) of sub-section (1) of section 35 read with rule 6, effective from 1-4-1987 to 31-3-1990, and subject to conditions including separate accounts for research funds, annual returns of research activities by 31st May, audited accounts and balance-sheet submission by 30th June to the prescribed authority with copies to tax authorities, and timely application for extension three months before expiry.
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