Approval under Section 35(1)(ii) for scientific research subjects organisation to separate accounts, annual returns and audited filings. Approval is granted to Escorts Heart Institute and Research Centre as an Association under Section 35(1)(ii) of the Income-tax Act for scientific research, conditioned on maintaining a separate account for research receipts, furnishing annual scientific 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 relevant 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) for scientific research subjects organisation to separate accounts, annual returns and audited filings.
Approval is granted to Escorts Heart Institute and Research Centre as an Association under Section 35(1)(ii) of the Income-tax Act for scientific research, conditioned on maintaining a separate account for research receipts, furnishing annual scientific 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 relevant Commissioner/Director of Income tax (Exemptions) by 30th June each year.
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