Section 35(1)(ii) approval granted; requires separate research accounts, annual DSIR returns and audited accounts submission. Approval is granted to the Man Made Textile Research Association, Surat, as an Institution for purposes of the Income tax Act provision on scientific research, subject to maintaining separate research accounts, filing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director General (Exemptions), the Secretary, and the local Commissioner/Director by 30 June; approval is effective from 1 April 1990 to 31 March 1991 with prescribed procedures for applying for extension.
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.
Section 35(1)(ii) approval granted; requires separate research accounts, annual DSIR returns and audited accounts submission.
Approval is granted to the Man Made Textile Research Association, Surat, as an Institution for purposes of the Income tax Act provision on scientific research, subject to maintaining separate research accounts, filing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director General (Exemptions), the Secretary, and the local Commissioner/Director by 30 June; approval is effective from 1 April 1990 to 31 March 1991 with prescribed procedures for applying for extension.
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