Approval under section 35(1)(ii) for Indian Register of Shipping; conditional on separate research accounts and annual reporting. Approval is granted to the Indian Register of Shipping, Bombay, under section 35(1)(ii) of the Income-tax Act as an Association for the period 1 April 1989 to 31 March 1990, subject to conditions: maintain a separate account for scientific research receipts; furnish annual research returns to the Secretary, 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 tax authority three months before expiry while providing six copies to the 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) for Indian Register of Shipping; conditional on separate research accounts and annual reporting.
Approval is granted to the Indian Register of Shipping, Bombay, under section 35(1)(ii) of the Income-tax Act as an Association for the period 1 April 1989 to 31 March 1990, subject to conditions: maintain a separate account for scientific research receipts; furnish annual research returns to the Secretary, 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 tax authority three months before expiry while providing six copies to the Secretary.
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