Research approval under section 35(1)(ii) requires separate research accounts and annual audited returns by fixed deadlines. Approval was granted to the Nutrition Society of India, National Institute of Nutrition, Hyderabad, as an institution for research-related tax recognition subject to conditions: maintain separate research accounts; file annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31st May; and submit audited annual accounts to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant tax Commissioner/Director by 30th June. The notification specifies the approved organisation and the approval period and prescribes procedures for seeking extension of approval.
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Provisions expressly mentioned in the judgment/order text.
Research approval under section 35(1)(ii) requires separate research accounts and annual audited returns by fixed deadlines.
Approval was granted to the Nutrition Society of India, National Institute of Nutrition, Hyderabad, as an institution for research-related tax recognition subject to conditions: maintain separate research accounts; file annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31st May; and submit audited annual accounts to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant tax Commissioner/Director by 30th June. The notification specifies the approved organisation and the approval period and prescribes procedures for seeking extension of approval.
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