Approval under section 35(1)(ii) requires institutions to maintain separate research accounts and submit annual audited returns. Approval under section 35(1)(ii) is granted to I. N. Y. S. Medical Research Society for the stated period, subject to conditions: maintain a separate account for research receipts; file annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31 May; submit audited annual accounts to the Director-General (Income-tax Exemptions), the Secretary, and the Commissioner/Director of Income-tax (Exemptions) by 30 June; and apply in triplicate for extension through the Commissioner/Director three months before expiry while furnishing six copies to the Secretary.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii) requires institutions to maintain separate research accounts and submit annual audited returns.
Approval under section 35(1)(ii) is granted to I. N. Y. S. Medical Research Society for the stated period, subject to conditions: maintain a separate account for research receipts; file annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31 May; submit audited annual accounts to the Director-General (Income-tax Exemptions), the Secretary, and the Commissioner/Director of Income-tax (Exemptions) by 30 June; and apply in triplicate for extension through the Commissioner/Director three months before expiry while furnishing six copies to the Secretary.
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