Research approval under section 35(1)(ii) conditions tax exemption eligibility with annual returns and audited accounts required. Approval under section 35(1)(ii) is granted to Sci Tech Centre as an 'Association' subject to maintaining a separate account for research receipts, furnishing an annual scientific activity return to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to specified tax and research authorities by 30 June. The approval covers 1 April 1990 to 31 March 1991 and includes instructions for applying for extension through the local tax commissioner/director and direct submission of 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.
Research approval under section 35(1)(ii) conditions tax exemption eligibility with annual returns and audited accounts required.
Approval under section 35(1)(ii) is granted to Sci Tech Centre as an "Association" subject to maintaining a separate account for research receipts, furnishing an annual scientific activity return to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to specified tax and research authorities by 30 June. The approval covers 1 April 1990 to 31 March 1991 and includes instructions for applying for extension through the local tax commissioner/director and direct submission of copies to the Secretary.
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