Research expenditure approval under section 35(1)(ii) requires annual returns, audited accounts and prior extension applications. Approval to Vittal Mallya Scientific Research Foundation is granted under the research expenditure provisions of the Income-tax Act for 1 April 1989 to 31 March 1990, subject to maintaining separate research accounts, filing annual returns of research activities by 31 May, submitting audited annual accounts to specified authorities by 30 June, and applying in triplicate for extension through the local tax authority three months before expiry while sending six copies to the Department of Scientific and Industrial Research.
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 expenditure approval under section 35(1)(ii) requires annual returns, audited accounts and prior extension applications.
Approval to Vittal Mallya Scientific Research Foundation is granted under the research expenditure provisions of the Income-tax Act for 1 April 1989 to 31 March 1990, subject to maintaining separate research accounts, filing annual returns of research activities by 31 May, submitting audited annual accounts to specified authorities by 30 June, and applying in triplicate for extension through the local tax authority three months before expiry while sending six copies to the Department of Scientific and Industrial Research.
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