Approval under Section 35(1)(ii): research association granted exemption subject to annual audited accounts, returns, and extension procedure. Approval under Section 35(1)(ii) is granted to National Centre for Software Technology as an Association, conditioned on maintaining a separate account for research receipts, furnishing annual research-activity returns by 31st May, submitting audited annual accounts to specified tax and scientific authorities by 30th June, and applying in triplicate through the jurisdictional tax officer with six copies to the scientific department for any extension at least three months before approval expiry; approval is effective 1 April 1989 to 31 March 1990.
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.
Approval under Section 35(1)(ii): research association granted exemption subject to annual audited accounts, returns, and extension procedure.
Approval under Section 35(1)(ii) is granted to National Centre for Software Technology as an Association, conditioned on maintaining a separate account for research receipts, furnishing annual research-activity returns by 31st May, submitting audited annual accounts to specified tax and scientific authorities by 30th June, and applying in triplicate through the jurisdictional tax officer with six copies to the scientific department for any extension at least three months before approval expiry; approval is effective 1 April 1989 to 31 March 1990.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
