Tax approval under section 35(1)(ii) made time bound with annual reporting, audited accounts and renewal application requirements. Perpetual tax approval granted to the International College of Surgeons, Bombay is converted into a time-bound approval valid until 31 March 1988 and made conditional on maintaining a separate account for scientific research receipts, furnishing annual returns of research activities by 31 May, submitting audited accounts and balance-sheet to the prescribed authority and tax authorities by 30 June, and applying 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.
Tax approval under section 35(1)(ii) made time bound with annual reporting, audited accounts and renewal application requirements.
Perpetual tax approval granted to the International College of Surgeons, Bombay is converted into a time-bound approval valid until 31 March 1988 and made conditional on maintaining a separate account for scientific research receipts, furnishing annual returns of research activities by 31 May, submitting audited accounts and balance-sheet to the prescribed authority and tax authorities by 30 June, and applying for extension at least three months before expiry.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
