Approval under section 35(1)(ii) grants tax-exemption eligibility subject to annual reporting, audited accounts and renewal conditions. Approval is granted to the International College of Surgeons, Bombay as an approved institution for purposes of section 35(1)(ii), conditional on maintaining separate accounts for research receipts, submitting annual returns of research activities by the prescribed date, furnishing audited annual accounts and balance sheet to the prescribed authority and tax authorities by the specified deadline, 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.
Approval under section 35(1)(ii) grants tax-exemption eligibility subject to annual reporting, audited accounts and renewal conditions.
Approval is granted to the International College of Surgeons, Bombay as an approved institution for purposes of section 35(1)(ii), conditional on maintaining separate accounts for research receipts, submitting annual returns of research activities by the prescribed date, furnishing audited annual accounts and balance sheet to the prescribed authority and tax authorities by the specified deadline, and applying for extension of approval before expiry to avoid rejection.
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