Research institution approval under section 35(1)(ii) requires separate research accounts and annual audited returns for tax compliance. FIE Research Institute is approved as an institution under clause (ii) of sub section (1) of section 35 for the period 1 7 1987 to 31 3 1989, under the 'Association' category, subject to maintaining separate research accounts, furnishing annual returns of scientific research by 31 May, submitting audited annual accounts with income/expenditure and balance sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the Commissioner, and applying three months before expiry for extension.
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.
Research institution approval under section 35(1)(ii) requires separate research accounts and annual audited returns for tax compliance.
FIE Research Institute is approved as an institution under clause (ii) of sub section (1) of section 35 for the period 1 7 1987 to 31 3 1989, under the "Association" category, subject to maintaining separate research accounts, furnishing annual returns of scientific research by 31 May, submitting audited annual accounts with income/expenditure and balance sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the Commissioner, and applying three months before expiry for extension.
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