Approval under s.35(1)(ii) confers research association status requiring separate accounts, annual returns, and audited statements. Approval is granted to the National Centre for Software Technology as an Association under section 35(1)(ii) of the Income tax Act subject to maintaining a separate research account, furnishing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research, and submitting audited annual accounts to the Director General of Income tax (Exemptions), the Secretary, DSIR, 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.
Approval under s.35(1)(ii) confers research association status requiring separate accounts, annual returns, and audited statements.
Approval is granted to the National Centre for Software Technology as an Association under section 35(1)(ii) of the Income tax Act subject to maintaining a separate research account, furnishing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research, and submitting audited annual accounts to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the relevant Commissioner/Director of Income tax (Exemptions) by the prescribed annual deadline.
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