Research Institution Approval under section 35(1)(ii) subject to separate research accounts, annual returns and audited accounts. K. J. Research Foundation, Madras, is approved as an Institution for the purposes of section 35(1)(ii) for a specified financial year, subject to maintaining a separate account for research receipts, filing annual returns of scientific research activities to the Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts showing income, expenditure, assets and liabilities to designated tax and departmental authorities by 30th June; instructions are given for timely application for extension of approval through the local tax authorities and direct submissions to the Department.
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) subject to separate research accounts, annual returns and audited accounts.
K. J. Research Foundation, Madras, is approved as an Institution for the purposes of section 35(1)(ii) for a specified financial year, subject to maintaining a separate account for research receipts, filing annual returns of scientific research activities to the Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts showing income, expenditure, assets and liabilities to designated tax and departmental authorities by 30th June; instructions are given for timely application for extension of approval through the local tax authorities and direct submissions to the Department.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
