Research approval under section 35(1)(ii) requires annual DSIR returns and audited accounts for tax recognition. Approval is granted to Sandhata Medical Research Society as an Institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act for 1-4-1990 to 31-3-1991, conditional on maintaining a separate research account, filing annual research returns to the Secretary, DSIR by 31 May, and submitting audited annual accounts to the Director-General (Exemptions), Secretary DSIR, and the local Commissioner/Director by 30 June; procedures for applying for extension of approval are specified.
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Provisions expressly mentioned in the judgment/order text.
Research approval under section 35(1)(ii) requires annual DSIR returns and audited accounts for tax recognition.
Approval is granted to Sandhata Medical Research Society as an Institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act for 1-4-1990 to 31-3-1991, conditional on maintaining a separate research account, filing annual research returns to the Secretary, DSIR by 31 May, and submitting audited annual accounts to the Director-General (Exemptions), Secretary DSIR, and the local Commissioner/Director by 30 June; procedures for applying for extension of approval are specified.
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