Research-expenditure approval under section 35(1)(ii) requires annual audited accounts, returns, and timely renewal application for exemption. Approval is granted to Guha Institute of Biochemistry, Calcutta, under the Section 35(1)(ii) tax provision for sums applied to scientific research for the period 1 April 1989 to 31 March 1990, subject to conditions: maintain separate research accounts; furnish annual research returns to the Department of Scientific and Industrial Research by 31 May; submit audited annual accounts to the Director-General (Income-tax Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant income-tax commissioner/director by 30 June; and apply in triplicate for extension three months before expiry while sending six copies to the Secretary, Department of Scientific and Industrial Research.
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-expenditure approval under section 35(1)(ii) requires annual audited accounts, returns, and timely renewal application for exemption.
Approval is granted to Guha Institute of Biochemistry, Calcutta, under the Section 35(1)(ii) tax provision for sums applied to scientific research for the period 1 April 1989 to 31 March 1990, subject to conditions: maintain separate research accounts; furnish annual research returns to the Department of Scientific and Industrial Research by 31 May; submit audited annual accounts to the Director-General (Income-tax Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant income-tax commissioner/director by 30 June; and apply in triplicate for extension three months before expiry while sending six copies to the Secretary, Department of Scientific and Industrial Research.
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