Approval under section 35(1)(ii) conditions tax-exempt research status on separate accounts, reporting and audited submissions. Approval under section 35(1)(ii) is granted to the Indian School of Political Economy, Pune, for research-related tax exemption subject to maintaining separate research accounts, furnishing annual research returns to the Department of Scientific and Industrial Research by 31st May, submitting audited annual accounts to specified tax and departmental authorities by 30th June, and applying in triplicate for extension through the local tax authority three months before expiry while providing six copies to the Department 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) conditions tax-exempt research status on separate accounts, reporting and audited submissions.
Approval under section 35(1)(ii) is granted to the Indian School of Political Economy, Pune, for research-related tax exemption subject to maintaining separate research accounts, furnishing annual research returns to the Department of Scientific and Industrial Research by 31st May, submitting audited annual accounts to specified tax and departmental authorities by 30th June, and applying in triplicate for extension through the local tax authority three months before expiry while providing six copies to the Department Secretary.
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