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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Aspee Research Institute Gains Approval for Tax Exemption under Section 35(1)(ii) for 1989-1990; Compliance Conditions Apply</h1> The Aspee Research Institute in Bombay has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Director-General (Income-tax Exemptions) and the Secretary, Department of Scientific and Industrial Research. This approval is valid from April 1, 1989, to March 31, 1990. The institute must maintain separate accounts for funds received for scientific research, submit annual returns of its research activities by May 31 each year, and provide audited annual accounts by June 30. It must apply for approval extension three months before expiry, submitting required documentation to relevant authorities.
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