Research approval under tax law conditions receipt accounting, annual returns and audited account submissions for continued recognition. Approval is granted to Ganesh Scientific Research Foundation as an association for purposes of section 35(1)(ii) of the Income-tax Act, conditioned on maintaining separate accounts for research receipts, furnishing annual returns of scientific research activities to the Department of Scientific and Industrial Research by the annual deadline, and submitting audited annual accounts showing income, expenditure, assets and liabilities to specified tax and departmental authorities by the prescribed annual date. Extension requires triplicate application through the jurisdictional tax office and multiple copies to the Department within the advance period.
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 approval under tax law conditions receipt accounting, annual returns and audited account submissions for continued recognition.
Approval is granted to Ganesh Scientific Research Foundation as an association for purposes of section 35(1)(ii) of the Income-tax Act, conditioned on maintaining separate accounts for research receipts, furnishing annual returns of scientific research activities to the Department of Scientific and Industrial Research by the annual deadline, and submitting audited annual accounts showing income, expenditure, assets and liabilities to specified tax and departmental authorities by the prescribed annual date. Extension requires triplicate application through the jurisdictional tax office and multiple copies to the Department within the advance period.
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 
