Approval under section 35(1)(ii) requires separate research accounts and annual audited filings to tax authorities. Birla Institute of Scientific Research, Calcutta is approved as an Institution under section 35(1)(ii) subject to maintaining a separate research account, filing annual research returns by 31st May, submitting audited accounts and balance-sheet with prescribed authorities by 30th June, and applying for extension before approval expiry; the approval covers 1st April, 1988 to 31st March, 1989.
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) requires separate research accounts and annual audited filings to tax authorities.
Birla Institute of Scientific Research, Calcutta is approved as an Institution under section 35(1)(ii) subject to maintaining a separate research account, filing annual research returns by 31st May, submitting audited accounts and balance-sheet with prescribed authorities by 30th June, and applying for extension before approval expiry; the approval covers 1st April, 1988 to 31st March, 1989.
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