Tax exemption approval under section 35(1)(ii) granted with specific reporting, accounting and extension procedures. Approval is granted to the Associated Electronics Research Foundation as an association under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to conditions: maintain a separate research account; furnish annual research returns to the Secretary, Department of Scientific and Industrial Research by 31 May; submit audited annual accounts to designated tax and scientific authorities by 30 June; and apply in triplicate for extension through the local tax authorities three months before expiry while sending six copies to the Secretary. The approval is effective from 1 April 1989 to 31 March 1990.
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.
Tax exemption approval under section 35(1)(ii) granted with specific reporting, accounting and extension procedures.
Approval is granted to the Associated Electronics Research Foundation as an association under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to conditions: maintain a separate research account; furnish annual research returns to the Secretary, Department of Scientific and Industrial Research by 31 May; submit audited annual accounts to designated tax and scientific authorities by 30 June; and apply in triplicate for extension through the local tax authorities three months before expiry while sending six copies to the Secretary. The approval is effective from 1 April 1989 to 31 March 1990.
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