Research institution approval under section 35(1)(ii) requires separate accounts and annual returns each year. Approval is granted to Jain Research Foundation Society, Gujarat, as an Institution under section 35(1)(ii) of the Income-tax Act for the stated financial year, subject to maintaining separate accounts for scientific research, filing annual research activity returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to specified authorities by 30th June. The notification sets the effective period and prescribes procedures and copy requirements for applying for extension of the approval.
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 institution approval under section 35(1)(ii) requires separate accounts and annual returns each year.
Approval is granted to Jain Research Foundation Society, Gujarat, as an Institution under section 35(1)(ii) of the Income-tax Act for the stated financial year, subject to maintaining separate accounts for scientific research, filing annual research activity returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to specified authorities by 30th June. The notification sets the effective period and prescribes procedures and copy requirements for applying for extension of the approval.
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