Institution approval under section 35(1)(ii) requires segregated research accounts and annual audited returns to authorities. The Christian Medical College Vellore is approved as an institution under section 35(1)(ii) for scientific research, subject to conditions: maintain a separate account for research receipts; furnish annual research activity returns 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, Department of Scientific and Industrial Research, and the relevant Commissioner/Director of Income-tax (Exemptions) by 30 June; and apply for extension in triplicate through the Commissioner/Director three months before expiry while providing six copies to the Secretary.
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Provisions expressly mentioned in the judgment/order text.
Institution approval under section 35(1)(ii) requires segregated research accounts and annual audited returns to authorities.
The Christian Medical College Vellore is approved as an institution under section 35(1)(ii) for scientific research, subject to conditions: maintain a separate account for research receipts; furnish annual research activity returns 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, Department of Scientific and Industrial Research, and the relevant Commissioner/Director of Income-tax (Exemptions) by 30 June; and apply for extension in triplicate through the Commissioner/Director three months before expiry while providing six copies to the Secretary.
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