Approval under section 35(1)(ii) grants research association recognition subject to specified accounting, reporting and audit conditions. Approval under section 35(1)(ii) is granted to Karnataka Institute of Applied Agricultural Research as an 'Association' for the period 1-4-1987 to 31-3-1988, subject to conditions: maintain separate accounts for research receipts; furnish annual research returns by 31 May; submit audited annual accounts and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the Commissioner of Income-tax; and apply for extension at least three months before expiry.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii) grants research association recognition subject to specified accounting, reporting and audit conditions.
Approval under section 35(1)(ii) is granted to Karnataka Institute of Applied Agricultural Research as an "Association" for the period 1-4-1987 to 31-3-1988, subject to conditions: maintain separate accounts for research receipts; furnish annual research returns by 31 May; submit audited annual accounts and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the Commissioner of Income-tax; and apply for extension at least three months before expiry.
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