Research institution approval under section 35(1)(ii) requires annual filings and audited accounts and an application process for extension. Approval of Conwest Jain Medical Research Society as an institution for research related income tax exemption is conditional on maintaining a separate research account, filing annual scientific returns to the Department of Scientific and Industrial Research by 31 May, submitting audited annual accounts to designated tax and research authorities by 30 June, and applying in prescribed form and copies for extension through the tax authorities and the Department prior to expiry.
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 under section 35(1)(ii) requires annual filings and audited accounts and an application process for extension.
Approval of Conwest Jain Medical Research Society as an institution for research related income tax exemption is conditional on maintaining a separate research account, filing annual scientific returns to the Department of Scientific and Industrial Research by 31 May, submitting audited annual accounts to designated tax and research authorities by 30 June, and applying in prescribed form and copies for extension through the tax authorities and the Department prior to expiry.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
