Research approval under section 35(1)(ii) grants institutional recognition with annual audited accounts and reporting obligations. Approval under Section 35(1)(ii) designates Development Alternatives as an Institution for research-related tax purposes, subject to conditions: maintain a separate research account; file annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by the prescribed deadline; submit audited annual accounts to the Director-General (Income-tax Exemptions), the Secretary, and the relevant Income-tax Commissioner/Director of Income-tax (Exemptions) by the stated annual date; and follow the prescribed triplicate and six-copy procedure for seeking extension of approval before expiry.
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) grants institutional recognition with annual audited accounts and reporting obligations.
Approval under Section 35(1)(ii) designates Development Alternatives as an Institution for research-related tax purposes, subject to conditions: maintain a separate research account; file annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by the prescribed deadline; submit audited annual accounts to the Director-General (Income-tax Exemptions), the Secretary, and the relevant Income-tax Commissioner/Director of Income-tax (Exemptions) by the stated annual date; and follow the prescribed triplicate and six-copy procedure for seeking extension of approval before expiry.
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