Approval under section 35(1)(ii) grants institutional research exemption subject to annual accounting and reporting conditions. Approval under section 35(1)(ii) grants the Central Indian Institute of Medical Science, Nagpur institutional recognition for research-related tax purposes, subject to maintaining a separate account for research receipts, filing an annual return of scientific research activities to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts of income, expenditure, assets and liabilities to the designated tax and research authorities by 30 June each year.
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) grants institutional research exemption subject to annual accounting and reporting conditions.
Approval under section 35(1)(ii) grants the Central Indian Institute of Medical Science, Nagpur institutional recognition for research-related tax purposes, subject to maintaining a separate account for research receipts, filing an annual return of scientific research activities to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts of income, expenditure, assets and liabilities to the designated tax and research authorities by 30 June each year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
