Research approval under section 35(1)(ii) requires separate accounts, annual returns, audited accounts and renewal application. Approval to Vision Research Foundation, Madras under section 35(1)(ii) is conditional on maintaining separate accounts for research receipts, furnishing annual returns of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31 May each year, and submitting audited annual accounts to the Director General (Income tax Exemptions), the Secretary, and the relevant Commissioner/Director of Income tax (Exemptions) by 30 June annually.
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Provisions expressly mentioned in the judgment/order text.
Research approval under section 35(1)(ii) requires separate accounts, annual returns, audited accounts and renewal application.
Approval to Vision Research Foundation, Madras under section 35(1)(ii) is conditional on maintaining separate accounts for research receipts, furnishing annual returns of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31 May each year, and submitting audited annual accounts to the Director General (Income tax Exemptions), the Secretary, and the relevant Commissioner/Director of Income tax (Exemptions) by 30 June annually.
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