Approved institution status under section 35(1)(ii) requires separate research accounts, annual returns and audited accounts filing. Approval of the Centre for Earth Science Studies, Trivandrum, as an approved institution under clause (ii) of sub section (1) of section 35 is notified subject to conditions: maintaining separate accounts for research receipts; furnishing annual returns of scientific research activities by 31 May; submitting audited annual accounts, income and expenditure statement, and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June; and applying for renewal at least three months before approval expiry.
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Provisions expressly mentioned in the judgment/order text.
Approved institution status under section 35(1)(ii) requires separate research accounts, annual returns and audited accounts filing.
Approval of the Centre for Earth Science Studies, Trivandrum, as an approved institution under clause (ii) of sub section (1) of section 35 is notified subject to conditions: maintaining separate accounts for research receipts; furnishing annual returns of scientific research activities by 31 May; submitting audited annual accounts, income and expenditure statement, and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June; and applying for renewal at least three months before approval expiry.
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