Research approval under section 35(1)(ii) requires separate accounts and annual returns, subject to renewal and reporting deadlines. Approval is granted to Siddhomal Research Foundation, Delhi under clause (ii) of sub-section (1) of section 35 as an association eligible for research-related tax concession, conditional on maintaining separate research accounts, furnishing annual scientific returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the Director-General (Income-tax Exemptions), the Secretary, and the jurisdictional Commissioner/Director of Income-tax by 30th June; approval is time-bound and renewable by formal application through the tax authorities.
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 approval under section 35(1)(ii) requires separate accounts and annual returns, subject to renewal and reporting deadlines.
Approval is granted to Siddhomal Research Foundation, Delhi under clause (ii) of sub-section (1) of section 35 as an association eligible for research-related tax concession, conditional on maintaining separate research accounts, furnishing annual scientific returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the Director-General (Income-tax Exemptions), the Secretary, and the jurisdictional Commissioner/Director of Income-tax by 30th June; approval is time-bound and renewable by formal application through the tax authorities.
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