Research approval under section 35(1)(ii) requires separate research accounts and annual audited returns to authorities. The National Health and Education Society, Bombay is approved as an Institution for tax treatment of scientific research subject to conditions: maintain a separate account for research receipts; file annual returns of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May; and submit 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 Commissioner/Director of Income-tax (Exemptions) by 30th June. The notification sets an effective period and prescribes procedures for applying for extension of approval.
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) requires separate research accounts and annual audited returns to authorities.
The National Health and Education Society, Bombay is approved as an Institution for tax treatment of scientific research subject to conditions: maintain a separate account for research receipts; file annual returns of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May; and submit 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 Commissioner/Director of Income-tax (Exemptions) by 30th June. The notification sets an effective period and prescribes procedures for applying for extension of approval.
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