Approval under section 35(1)(ii) confirms research-institution tax exemption subject to annual reporting and audited account submissions. Approval is granted to P. J. Institute for Cardio-Pulmonary and Allied Medicine, Kadipur, Delhi, as an Institution for the purposes of section 35(1)(ii) of the Income-tax Act for 1-4-1990 to 31-3-1991, subject to maintaining separate research accounts, filing annual scientific research returns with the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to specified tax and research authorities by 30 June each year.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii) confirms research-institution tax exemption subject to annual reporting and audited account submissions.
Approval is granted to P. J. Institute for Cardio-Pulmonary and Allied Medicine, Kadipur, Delhi, as an Institution for the purposes of section 35(1)(ii) of the Income-tax Act for 1-4-1990 to 31-3-1991, subject to maintaining separate research accounts, filing annual scientific research returns with the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to specified tax and research authorities by 30 June each year.
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