Approval under section 35(1)(ii) confirms research-institution tax-exempt status subject to specified reporting and accounting conditions. Approval is granted to Bhagavan Mahavir Medical Research Centre as an Institution for the purposes of section 35(1)(ii), subject to conditions: maintain a separate account for research receipts; furnish annual 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 in triplicate through the jurisdictional tax officer for extension three months before expiry while providing six copies to the Department.
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) confirms research-institution tax-exempt status subject to specified reporting and accounting conditions.
Approval is granted to Bhagavan Mahavir Medical Research Centre as an Institution for the purposes of section 35(1)(ii), subject to conditions: maintain a separate account for research receipts; furnish annual 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 in triplicate through the jurisdictional tax officer for extension three months before expiry while providing six copies to the Department.
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