Approval under section 35(1)(ii): institution granted research-exemption subject to annual reporting, audited accounts and renewal application. Kothari Institute of Medical Sciences, Calcutta is approved as an 'Association' under the research expenditure incentive regime for 1 April 1988-31 March 1989, subject to maintenance of a separate research account, annual submission of prescribed research returns by 31 May, filing audited annual accounts and balance-sheet with specified tax authorities by 30 June, and timely application to tax authorities for extension before the approval expiry.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii): institution granted research-exemption subject to annual reporting, audited accounts and renewal application.
Kothari Institute of Medical Sciences, Calcutta is approved as an "Association" under the research expenditure incentive regime for 1 April 1988-31 March 1989, subject to maintenance of a separate research account, annual submission of prescribed research returns by 31 May, filing audited annual accounts and balance-sheet with specified tax authorities by 30 June, and timely application to tax authorities for extension before the approval expiry.
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