Research institution approval requires separate research accounts, annual audited returns and timely renewal applications for tax exemption. Approval is granted to Birla Institute of Technology, Mesra, Ranchi as a University under clause (ii) of sub-section (1) of section 35, subject to maintenance of a separate account for scientific research, annual submission of prescribed research activity returns by 31st May, and submission of audited annual accounts, income and expenditure statements and balance-sheet to the prescribed authority and specified tax offices by 30th June. The University must apply for extension before approval expiry; late applications may be rejected. The approval covers 1st April, 1988 to 31st March, 1989.
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Research institution approval requires separate research accounts, annual audited returns and timely renewal applications for tax exemption.
Approval is granted to Birla Institute of Technology, Mesra, Ranchi as a University under clause (ii) of sub-section (1) of section 35, subject to maintenance of a separate account for scientific research, annual submission of prescribed research activity returns by 31st May, and submission of audited annual accounts, income and expenditure statements and balance-sheet to the prescribed authority and specified tax offices by 30th June. The University must apply for extension before approval expiry; late applications may be rejected. The approval covers 1st April, 1988 to 31st March, 1989.
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