Approval under section 35(1)(ii) recognises institution status for scientific research with reporting and audit conditions. Approval is granted to Amala Cancer Research Centre as an Institution under clause (ii) of sub-section (1) of section 35, subject to maintaining a separate account for scientific research receipts, furnishing annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by the prescribed annual date, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director of Income-tax (Exemptions) by the stated annual date.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii) recognises institution status for scientific research with reporting and audit conditions.
Approval is granted to Amala Cancer Research Centre as an Institution under clause (ii) of sub-section (1) of section 35, subject to maintaining a separate account for scientific research receipts, furnishing annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by the prescribed annual date, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director of Income-tax (Exemptions) by the stated annual date.
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