Institutional approval under section 35(1)(ii) requires specified annual filings, audited accounts, and timely extension applications. Kamayani Udyog Kendra Society, Pune, is approved as an Institution for research-linked income-tax exemption subject to conditions: maintain separate research accounts; submit annual scientific research returns to the Department of Scientific and Industrial Research by 31 May; provide audited annual accounts showing income, expenditure, assets and liabilities to designated authorities by 30 June; and apply for extension through the local Commissioner/Director three months before expiry while furnishing six copies to the Secretary, Department of Scientific and Industrial Research. Approval is effective for the stated financial year.
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.
Institutional approval under section 35(1)(ii) requires specified annual filings, audited accounts, and timely extension applications.
Kamayani Udyog Kendra Society, Pune, is approved as an Institution for research-linked income-tax exemption subject to conditions: maintain separate research accounts; submit annual scientific research returns to the Department of Scientific and Industrial Research by 31 May; provide audited annual accounts showing income, expenditure, assets and liabilities to designated authorities by 30 June; and apply for extension through the local Commissioner/Director three months before expiry while furnishing six copies to the Secretary, Department of Scientific and Industrial Research. Approval is effective for the stated financial year.
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 
