Research-exemption approval under section 35(1)(ii) requires separate research accounts, annual audits, and periodic reporting to authorities. Approval under section 35(1)(ii) classifies the Muljibhai Patel Society as an 'Association' eligible for research-related tax benefits subject to conditions: maintaining separate research accounts; furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by the prescribed deadline; submitting audited annual accounts to specified tax and research authorities by the prescribed annual date; and applying in triplicate, through the jurisdictional tax officer, for extension of approval while furnishing additional copies to the Department of Scientific and Industrial Research.
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-exemption approval under section 35(1)(ii) requires separate research accounts, annual audits, and periodic reporting to authorities.
Approval under section 35(1)(ii) classifies the Muljibhai Patel Society as an "Association" eligible for research-related tax benefits subject to conditions: maintaining separate research accounts; furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by the prescribed deadline; submitting audited annual accounts to specified tax and research authorities by the prescribed annual date; and applying in triplicate, through the jurisdictional tax officer, for extension of approval while furnishing additional copies to the Department of Scientific and Industrial Research.
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