Research approval under section 35(1)(ii) conditions recognition on reporting, audited accounts, and renewal procedures. Approval under section 35(1)(ii) is granted to Thapar Corporate Research and Development Centre, Patiala, as an Association for the specified year, subject to conditions: maintain separate accounts for research receipts; furnish annual research returns to the Secretary, DSIR, by 31st May; submit audited annual accounts to the Director-General (Income-tax Exemptions), Secretary DSIR, and the Commissioner/Director of Income-tax (Exemptions) by 30th June; and apply in triplicate for extension through the local tax authority three months before expiry while sending six copies to the Secretary DSIR. Effective period: 1 April 1989 to 31 March 1990.
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Provisions expressly mentioned in the judgment/order text.
Research approval under section 35(1)(ii) conditions recognition on reporting, audited accounts, and renewal procedures.
Approval under section 35(1)(ii) is granted to Thapar Corporate Research and Development Centre, Patiala, as an Association for the specified year, subject to conditions: maintain separate accounts for research receipts; furnish annual research returns to the Secretary, DSIR, by 31st May; submit audited annual accounts to the Director-General (Income-tax Exemptions), Secretary DSIR, and the Commissioner/Director of Income-tax (Exemptions) by 30th June; and apply in triplicate for extension through the local tax authority three months before expiry while sending six copies to the Secretary DSIR. Effective period: 1 April 1989 to 31 March 1990.
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