Tax approval under section 35(1)(ii) granted to research association subject to accounting, reporting, and annual audit obligations. Approval under section 35(1)(ii) is granted to Diabetes Research Centre Foundation, Madras as an association for scientific research subject to maintaining separate research accounts, filing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director by 30th June each year.
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Provisions expressly mentioned in the judgment/order text.
Tax approval under section 35(1)(ii) granted to research association subject to accounting, reporting, and annual audit obligations.
Approval under section 35(1)(ii) is granted to Diabetes Research Centre Foundation, Madras as an association for scientific research subject to maintaining separate research accounts, filing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director by 30th June each year.
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