Research approval under section 35(1)(ii): approval grants qualifying research status subject to annual accounting and reporting requirements. Approval is granted to Jagdale Scientific Research Foundations as an approved research association subject to conditions: maintain a separate account for research funds; file annual returns of research activities to the Department of Scientific and Industrial Research by 31st May; and submit audited annual accounts showing income, expenditure, assets and liabilities to designated tax and departmental authorities by 30th June. The approval is time limited and continuation requires timely application for extension through the local tax authority, with specified copy and submission requirements to the Department.
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): approval grants qualifying research status subject to annual accounting and reporting requirements.
Approval is granted to Jagdale Scientific Research Foundations as an approved research association subject to conditions: maintain a separate account for research funds; file annual returns of research activities to the Department of Scientific and Industrial Research by 31st May; and submit audited annual accounts showing income, expenditure, assets and liabilities to designated tax and departmental authorities by 30th June. The approval is time limited and continuation requires timely application for extension through the local tax authority, with specified copy and submission requirements to the Department.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
