Research approval under section 35 requires separate research accounts, annual DSIR returns, and submission of audited accounts. Approval under section 35(1)(ii) was granted to Decospin Research Foundation as an 'Institution' subject to maintaining a separate account for research receipts; furnishing annual scientific research returns to the Secretary, DSIR by 31 May; and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director by 30 June. The approval is effective for the period specified and a renewal procedure, including advance application and additional copy requirements, is prescribed.
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Provisions expressly mentioned in the judgment/order text.
Research approval under section 35 requires separate research accounts, annual DSIR returns, and submission of audited accounts.
Approval under section 35(1)(ii) was granted to Decospin Research Foundation as an "Institution" subject to maintaining a separate account for research receipts; furnishing annual scientific research returns to the Secretary, DSIR by 31 May; and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director by 30 June. The approval is effective for the period specified and a renewal procedure, including advance application and additional copy requirements, is prescribed.
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