Research institution approval grants tax-recognition subject to reporting, accounting conditions, and annual filing deadlines for renewals. The Indian Register of Shipping, Bombay is approved as an approved association under section 35(1)(ii) for the period 1 April 1988 to 31 March 1989, subject to maintaining a separate account for research receipts, furnishing annual research returns by 31 May, submitting audited accounts and balance-sheet with prescribed authorities by 30 June, and applying for extension of approval before expiry to avoid rejection.
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.
Research institution approval grants tax-recognition subject to reporting, accounting conditions, and annual filing deadlines for renewals.
The Indian Register of Shipping, Bombay is approved as an approved association under section 35(1)(ii) for the period 1 April 1988 to 31 March 1989, subject to maintaining a separate account for research receipts, furnishing annual research returns by 31 May, submitting audited accounts and balance-sheet with prescribed authorities by 30 June, and applying for extension of approval before expiry to avoid rejection.
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