Approval under section 35(1)(ii) requires institutions to keep separate research accounts and file audited annual returns. Approval granted to Lady Anusya Singhania Medical Research Society as an institution for research expenditure deduction under section 35(1)(ii) is subject to conditions: maintain separate research accounts; submit annual returns of scientific research to the Department of Scientific and Industrial Research by the annual deadline; furnish audited annual accounts showing income, expenditure, assets and liabilities to specified tax and research authorities by prescribed dates; and apply in triplicate for extension of approval through the local tax authorities with additional copies to the research department before expiry.
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) requires institutions to keep separate research accounts and file audited annual returns.
Approval granted to Lady Anusya Singhania Medical Research Society as an institution for research expenditure deduction under section 35(1)(ii) is subject to conditions: maintain separate research accounts; submit annual returns of scientific research to the Department of Scientific and Industrial Research by the annual deadline; furnish audited annual accounts showing income, expenditure, assets and liabilities to specified tax and research authorities by prescribed dates; and apply in triplicate for extension of approval through the local tax authorities with additional copies to the research department before expiry.
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