Approval under section 35(1)(ii) requires separate research accounts, annual research returns, and audited accounts filing. Approval under section 35(1)(ii) for the Medical Research Centre of Bombay Hospital Trust is granted subject to maintaining a separate account for scientific research receipts, filing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by the prescribed date, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, and the jurisdictional Income-tax Commissioner/Director by the prescribed annual date.
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 separate research accounts, annual research returns, and audited accounts filing.
Approval under section 35(1)(ii) for the Medical Research Centre of Bombay Hospital Trust is granted subject to maintaining a separate account for scientific research receipts, filing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by the prescribed date, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, and the jurisdictional Income-tax Commissioner/Director by the prescribed annual date.
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