Section 35(1)(ii) approval requires separate research accounts, annual returns, audited accounts and renewal applications by specified dates. Approval under section 35(1)(ii) of the Income-tax Act has been granted to Pan Asian Management for Rural Research Organisation as an Institution, subject to conditions: maintain separate accounts for scientific research; furnish annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31st May; submit audited annual accounts showing income, expenditure, assets and liabilities to specified authorities by 30th June; and apply for extension in triplicate through the local Commissioner/Director three months before expiry while providing 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.
Section 35(1)(ii) approval requires separate research accounts, annual returns, audited accounts and renewal applications by specified dates.
Approval under section 35(1)(ii) of the Income-tax Act has been granted to Pan Asian Management for Rural Research Organisation as an Institution, subject to conditions: maintain separate accounts for scientific research; furnish annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31st May; submit audited annual accounts showing income, expenditure, assets and liabilities to specified authorities by 30th June; and apply for extension in triplicate through the local Commissioner/Director three months before expiry while providing six copies to the Secretary.
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