Research approval under section 35(1)(ii) mandates separate accounting and annual audited submissions to tax and science authorities. Approval under clause (ii) of sub-section (1) of section 35 is granted to the Foundation for Coil Winding Technology and Research, Pune, as an 'Association,' subject to maintaining a separate account for research receipts, furnishing annual research activity returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the Director General (Exemptions), the Secretary, 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.
Research approval under section 35(1)(ii) mandates separate accounting and annual audited submissions to tax and science authorities.
Approval under clause (ii) of sub-section (1) of section 35 is granted to the Foundation for Coil Winding Technology and Research, Pune, as an "Association," subject to maintaining a separate account for research receipts, furnishing annual research activity returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the Director General (Exemptions), the Secretary, and the local Commissioner/Director of Income tax (Exemptions) by 30th June each year.
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