Approval under section 35(1)(ii) requires institutions to maintain separate research accounts and comply with annual audit and reporting. Approval is granted to Kidwai Memorial Institute of Oncology as an Institution for purposes of section 35(1)(ii) subject to conditions: maintain a separate account for research receipts; furnish annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by the prescribed deadline; submit audited annual accounts showing income, expenditure, assets and liabilities to the Director-General (Income-tax Exemptions), the Secretary, and the local Income-tax Commissioner/Director of Income-tax (Exemptions) by the stipulated date; and apply in triplicate through the local tax office for extension while supplying required copies to the Secretary.
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) requires institutions to maintain separate research accounts and comply with annual audit and reporting.
Approval is granted to Kidwai Memorial Institute of Oncology as an Institution for purposes of section 35(1)(ii) subject to conditions: maintain a separate account for research receipts; furnish annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by the prescribed deadline; submit audited annual accounts showing income, expenditure, assets and liabilities to the Director-General (Income-tax Exemptions), the Secretary, and the local Income-tax Commissioner/Director of Income-tax (Exemptions) by the stipulated date; and apply in triplicate through the local tax office for extension while supplying required copies to the Secretary.
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