Approval under Section 35(1)(ii) conditions association tax-exemption on separate research accounts, returns and audited filings. Approval under Section 35(1)(ii) was granted to The South India Textile Research Association as an Association eligible for research-related tax treatment, conditioned on maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts showing income, expenditure, assets and liabilities 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) by 30th 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) conditions association tax-exemption on separate research accounts, returns and audited filings.
Approval under Section 35(1)(ii) was granted to The South India Textile Research Association as an Association eligible for research-related tax treatment, conditioned on maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts showing income, expenditure, assets and liabilities 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) by 30th June each year.
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