Section 35(1)(ii) approval requires separate research accounts, annual returns and audited accounts, plus extension application procedures. Approval under section 35(1)(ii) recognises Grasim Medical Research Institute, Birlagram as an Institution for research-related tax exemption for 1-4-1990 to 31-3-1991, conditional on maintaining separate research accounts, furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to specified tax and research authorities by 30th June; the organisation must apply for extension of approval in triplicate through the Commissioner/Director at least three months before expiry, with exceptional late-application provisions and submission of six copies to the Secretary, Department of Scientific and Industrial Research.
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.
Section 35(1)(ii) approval requires separate research accounts, annual returns and audited accounts, plus extension application procedures.
Approval under section 35(1)(ii) recognises Grasim Medical Research Institute, Birlagram as an Institution for research-related tax exemption for 1-4-1990 to 31-3-1991, conditional on maintaining separate research accounts, furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to specified tax and research authorities by 30th June; the organisation must apply for extension of approval in triplicate through the Commissioner/Director at least three months before expiry, with exceptional late-application provisions and submission of six copies to the Secretary, Department of Scientific and Industrial Research.
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