Research exemption approval under section 35(1)(ii) requires separate research accounts, annual returns and audited accounts compliance. Approval under section 35(1)(ii) is granted to the association subject to conditions: maintain a separate account for scientific research; furnish annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May; and submit audited annual accounts to the Director-General (Exemptions), the Secretary, and the local Commissioner/Director of Income-tax (Exemptions) by 30 June. The approval is time-limited and requires timely application for extension through the local Income-tax authority, with additional copies to the Secretary when applicable.
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 exemption approval under section 35(1)(ii) requires separate research accounts, annual returns and audited accounts compliance.
Approval under section 35(1)(ii) is granted to the association subject to conditions: maintain a separate account for scientific research; furnish annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May; and submit audited annual accounts to the Director-General (Exemptions), the Secretary, and the local Commissioner/Director of Income-tax (Exemptions) by 30 June. The approval is time-limited and requires timely application for extension through the local Income-tax authority, with additional copies to the Secretary when applicable.
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