Approval under Section 35(1)(ii): institute must keep separate research accounts and file annual returns and audited accounts. Approval is granted to the National Institute of Mental Health and Neuro Sciences, Bangalore under section 35(1)(ii) as an Association for research-related tax purposes, subject to conditions: maintain separate research accounts; furnish annual scientific research returns by 31st May; submit audited accounts, income and expenditure statements and balance sheet by 30th June to the prescribed authority and tax offices; and apply for extension before approval expiry, with late applications liable to rejection.
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Provisions expressly mentioned in the judgment/order text.
Approval under Section 35(1)(ii): institute must keep separate research accounts and file annual returns and audited accounts.
Approval is granted to the National Institute of Mental Health and Neuro Sciences, Bangalore under section 35(1)(ii) as an Association for research-related tax purposes, subject to conditions: maintain separate research accounts; furnish annual scientific research returns by 31st May; submit audited accounts, income and expenditure statements and balance sheet by 30th June to the prescribed authority and tax offices; and apply for extension before approval expiry, with late applications liable to rejection.
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