Approval under section 35(1)(ii): organisation must maintain separate research accounts and submit annual returns and audited accounts. The organisation is recognised under section 35(1)(ii) as an 'Association' subject to conditions: maintain separate accounts for research receipts; furnish annual returns of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May each year; and submit audited annual accounts showing income, expenditure, assets and liabilities by 30th June each year to the Director General of Income tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director of Income tax (Exemptions).
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): organisation must maintain separate research accounts and submit annual returns and audited accounts.
The organisation is recognised under section 35(1)(ii) as an "Association" subject to conditions: maintain separate accounts for research receipts; furnish annual returns of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May each year; and submit audited annual accounts showing income, expenditure, assets and liabilities by 30th June each year to the Director General of Income tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director of Income tax (Exemptions).
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