Tax recognition for scientific research: approval granted with compliance conditions and mandatory annual audited submissions. Approval is granted to Associated Electronics Research Foundation, New Delhi, as an approved institution under section 35(1)(ii) for the category 'Association,' conditional on maintaining a separate account for research receipts, filing prescribed annual returns of scientific research activity by the annual deadline, and submitting audited annual accounts and balance-sheet to the prescribed authority and specified tax offices within stated timelines. Continuation of approval requires timely application for extension to the tax authorities before expiry, with late applications liable to rejection.
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Tax recognition for scientific research: approval granted with compliance conditions and mandatory annual audited submissions.
Approval is granted to Associated Electronics Research Foundation, New Delhi, as an approved institution under section 35(1)(ii) for the category "Association," conditional on maintaining a separate account for research receipts, filing prescribed annual returns of scientific research activity by the annual deadline, and submitting audited annual accounts and balance-sheet to the prescribed authority and specified tax offices within stated timelines. Continuation of approval requires timely application for extension to the tax authorities before expiry, with late applications liable to rejection.
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