Approval under section 35(1)(ii) conditions tax-exemption on maintaining separate research accounts and annual audited returns. K. E. M. Hospital Research Centre is approved as an Institution under section 35(1)(ii) subject to conditions: maintain separate research accounts; furnish annual returns of scientific research activities 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 through the Commissioner/Director three months before expiry with six copies to the Secretary for extension. Effective 1 April 1989 to 31 March 1990.
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) conditions tax-exemption on maintaining separate research accounts and annual audited returns.
K. E. M. Hospital Research Centre is approved as an Institution under section 35(1)(ii) subject to conditions: maintain separate research accounts; furnish annual returns of scientific research activities 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 through the Commissioner/Director three months before expiry with six copies to the Secretary for extension. Effective 1 April 1989 to 31 March 1990.
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