Research institution approval under section 35(1)(ii) requires separate research accounts, annual returns and audited accounts. Approval is granted to Central India Institute of Medical Science, Nagpur, as an association for the purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, subject to conditions: maintain separate research accounts; furnish annual scientific research returns to the Department of Scientific and Industrial Research by 31 May; submit audited annual accounts to specified authorities by 30 June; and apply for extension in triplicate through the local Commissioner/Director three months before expiry while supplying six copies to the Secretary, DSIR. The approval is effective from 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.
Research institution approval under section 35(1)(ii) requires separate research accounts, annual returns and audited accounts.
Approval is granted to Central India Institute of Medical Science, Nagpur, as an association for the purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, subject to conditions: maintain separate research accounts; furnish annual scientific research returns to the Department of Scientific and Industrial Research by 31 May; submit audited annual accounts to specified authorities by 30 June; and apply for extension in triplicate through the local Commissioner/Director three months before expiry while supplying six copies to the Secretary, DSIR. The approval is effective from 1 April 1989 to 31 March 1990.
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