Approval under section 35(1)(ii) - institutional research approval subject to accounting, reporting and audited account obligations. Approval is granted to the Indian Cancer Society, Solapur, as an Institution for the purposes of section 35(1)(ii) of the Income-tax Act, subject to maintaining a separate account for research receipts, furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to specified tax and research authorities by 30th June. The approval is effective for a defined period and the organisation must apply for extension through prescribed channels before expiry.
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) - institutional research approval subject to accounting, reporting and audited account obligations.
Approval is granted to the Indian Cancer Society, Solapur, as an Institution for the purposes of section 35(1)(ii) of the Income-tax Act, subject to maintaining a separate account for research receipts, furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to specified tax and research authorities by 30th June. The approval is effective for a defined period and the organisation must apply for extension through prescribed channels before expiry.
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