Approval under section 35(1)(ii) granted subject to reporting, accounting and renewal conditions for research associations. Approval is granted to the Electrical Research and Development Association, Vadodara, under Section 35(1)(ii) as an 'Association' for purposes of tax law, subject to maintaining a separate account for scientific research receipts, filing annual returns of research activities by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority and tax officials by 30 June, and applying for extension three months before expiry. The approval period runs from 1 April 1987 to 31 March 1990.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii) granted subject to reporting, accounting and renewal conditions for research associations.
Approval is granted to the Electrical Research and Development Association, Vadodara, under Section 35(1)(ii) as an "Association" for purposes of tax law, subject to maintaining a separate account for scientific research receipts, filing annual returns of research activities by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority and tax officials by 30 June, and applying for extension three months before expiry. The approval period runs from 1 April 1987 to 31 March 1990.
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