Research approval requires institutions to maintain separate accounts and submit annual returns, audited accounts, and extension requests. Approval under section 35(1)(ii) is conferred on the Institute of Management Development, Lucknow, as an approved Institution for scientific research subject to conditions: maintain a separate account for research receipts; furnish annual returns of research activities by 31st May; submit audited accounts, income and expenditure statements, and balance sheet with copies to the Central Board of Direct Taxes and the concerned Commissioner by 30th June; and apply to the Central Board for extension three months before approval 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.
Research approval requires institutions to maintain separate accounts and submit annual returns, audited accounts, and extension requests.
Approval under section 35(1)(ii) is conferred on the Institute of Management Development, Lucknow, as an approved Institution for scientific research subject to conditions: maintain a separate account for research receipts; furnish annual returns of research activities by 31st May; submit audited accounts, income and expenditure statements, and balance sheet with copies to the Central Board of Direct Taxes and the concerned Commissioner by 30th June; and apply to the Central Board for extension three months before approval expiry.
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