Section 35(1)(ii) institutional approval requires separate research accounts, annual reporting, audited accounts and extension filings. Approval of the Indian Register of Shipping as an Institution under section 35(1)(ii) is conditional on maintaining a separate account for scientific research receipts, furnishing an annual return of research activities to the Department of Scientific and Industrial Research by the prescribed deadline, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant Commissioner/Director of Income-tax (Exemptions) by the prescribed annual deadline.
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.
Section 35(1)(ii) institutional approval requires separate research accounts, annual reporting, audited accounts and extension filings.
Approval of the Indian Register of Shipping as an Institution under section 35(1)(ii) is conditional on maintaining a separate account for scientific research receipts, furnishing an annual return of research activities to the Department of Scientific and Industrial Research by the prescribed deadline, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant Commissioner/Director of Income-tax (Exemptions) by the prescribed annual deadline.
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