Approval under section 35(1)(ii) conditions research tax eligibility on separate accounts and annual audited filings. Approval under section 35(1)(ii) was granted to the Bombay Natural History Society as an Association for income tax treatment of scientific research, conditioned on maintaining a separate research account, furnishing annual research returns to the Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the Director General (Income tax Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant Commissioner/Director of Income tax (Exemptions) by 30th June. Applications for extension must be made in triplicate through the local tax authority three months prior, with six copies to the Secretary.
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 research tax eligibility on separate accounts and annual audited filings.
Approval under section 35(1)(ii) was granted to the Bombay Natural History Society as an Association for income tax treatment of scientific research, conditioned on maintaining a separate research account, furnishing annual research returns to the Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the Director General (Income tax Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant Commissioner/Director of Income tax (Exemptions) by 30th June. Applications for extension must be made in triplicate through the local tax authority three months prior, with six copies to the Secretary.
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