Research approval under section 35(1)(ii) granted subject to separate research accounts, annual returns and audited accounts submission. Kothari Institute of Medical Sciences, Calcutta, is approved as an association for research-related income-tax exemption for the period 1 April 1989 to 31 March 1990, subject to maintaining a separate account for research receipts; furnishing annual returns on scientific research activities to the Department of Scientific and Industrial Research by 31 May; submitting audited annual accounts showing income, expenditure, assets and liabilities to specified authorities by 30 June; and applying in triplicate through the local tax authority for extension three months before expiry while sending six copies to the Secretary, Department of Scientific and Industrial Research.
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Research approval under section 35(1)(ii) granted subject to separate research accounts, annual returns and audited accounts submission.
Kothari Institute of Medical Sciences, Calcutta, is approved as an association for research-related income-tax exemption for the period 1 April 1989 to 31 March 1990, subject to maintaining a separate account for research receipts; furnishing annual returns on scientific research activities to the Department of Scientific and Industrial Research by 31 May; submitting audited annual accounts showing income, expenditure, assets and liabilities to specified authorities by 30 June; and applying in triplicate through the local tax authority for extension three months before expiry while sending six copies to the Secretary, Department of Scientific and Industrial Research.
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