Tax exemption approval for scientific research institutions requires maintaining separate research accounts and filing annual returns and audited accounts. Approval is granted to Tea Research Association, Calcutta, as an Institution for research-related tax exemption under section 35(1)(ii), subject to maintaining separate research accounts, filing an annual return of scientific research activities to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to specified authorities by 30 June. The approval period runs from 1 April 1990 to 31 March 1992 and applicants are advised to apply for extension three months before expiry or promptly if approval is received late.
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Tax exemption approval for scientific research institutions requires maintaining separate research accounts and filing annual returns and audited accounts.
Approval is granted to Tea Research Association, Calcutta, as an Institution for research-related tax exemption under section 35(1)(ii), subject to maintaining separate research accounts, filing an annual return of scientific research activities to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to specified authorities by 30 June. The approval period runs from 1 April 1990 to 31 March 1992 and applicants are advised to apply for extension three months before expiry or promptly if approval is received late.
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