Approval under section 35(1)(ii) grants research institution tax recognition, requiring distinct accounts, annual reports, audited accounts, and renewal applications. Approval under section 35(1)(ii) registers Shri Ram Scientific & Industrial Research Foundation as an approved research institution subject to maintaining separate research accounts, furnishing annual returns of scientific research activities by the specified annual deadline, submitting audited annual accounts and balance-sheet copies to the prescribed authority and tax authorities, and applying for extension of approval in advance of expiry; approval effective from 1-4-1987 to 31-3-1990.
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 institution tax recognition, requiring distinct accounts, annual reports, audited accounts, and renewal applications.
Approval under section 35(1)(ii) registers Shri Ram Scientific & Industrial Research Foundation as an approved research institution subject to maintaining separate research accounts, furnishing annual returns of scientific research activities by the specified annual deadline, submitting audited annual accounts and balance-sheet copies to the prescribed authority and tax authorities, and applying for extension of approval in advance of expiry; approval effective from 1-4-1987 to 31-3-1990.
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