Approval under section 35(1)(ii): institution must keep separate research accounts and file annual returns and audited accounts. Narinder Mohan Hospital and Medical Research Centre is approved as an institution for scientific research purposes under the Income tax framework, conditional on maintaining separate research accounts, filing annual returns of research activities by 31st May, submitting audited accounts and balance sheet copies to the prescribed authority, the Central Board of Direct Taxes and the Commissioner by 30th June, and applying for approval extension to the Central Board at least three months before expiry; late applications risk rejection.
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): institution must keep separate research accounts and file annual returns and audited accounts.
Narinder Mohan Hospital and Medical Research Centre is approved as an institution for scientific research purposes under the Income tax framework, conditional on maintaining separate research accounts, filing annual returns of research activities by 31st May, submitting audited accounts and balance sheet copies to the prescribed authority, the Central Board of Direct Taxes and the Commissioner by 30th June, and applying for approval extension to the Central Board at least three months before expiry; late applications risk rejection.
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