Approval under section 35(1)(ii): institutions must keep separate research accounts and file audited annual returns. Approval under section 35(1)(ii) recognises Spic Science Foundation, Madras as an Institution subject to conditions: maintain separate accounts for scientific research; submit annual research returns by 31st May; provide audited annual accounts and balance-sheet to the prescribed authority by 30th June and furnish copies to central tax authorities and the concerned Commissioner; and apply for extension of approval before expiry, failing which applications may be rejected.
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): institutions must keep separate research accounts and file audited annual returns.
Approval under section 35(1)(ii) recognises Spic Science Foundation, Madras as an Institution subject to conditions: maintain separate accounts for scientific research; submit annual research returns by 31st May; provide audited annual accounts and balance-sheet to the prescribed authority by 30th June and furnish copies to central tax authorities and the concerned Commissioner; and apply for extension of approval before expiry, failing which applications may be rejected.
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