Research institution approval under section 35(1)(ii) requires separate research accounts, annual returns, audited accounts, and renewal filing. Approval is granted to Sir Hurkisondas Nurrotamdas Medical Research Society as an institution under section 35(1)(ii) subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities by the prescribed deadline; submit audited annual accounts showing income, expenditure, assets and liabilities to the designated tax and research authorities by the stated annual date; and apply in triplicate through the jurisdictional tax office for extension of approval within the prescribed time while supplying multiple copies to the research department.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval under section 35(1)(ii) requires separate research accounts, annual returns, audited accounts, and renewal filing.
Approval is granted to Sir Hurkisondas Nurrotamdas Medical Research Society as an institution under section 35(1)(ii) subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities by the prescribed deadline; submit audited annual accounts showing income, expenditure, assets and liabilities to the designated tax and research authorities by the stated annual date; and apply in triplicate through the jurisdictional tax office for extension of approval within the prescribed time while supplying multiple copies to the research department.
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