Research-expenditure approval under section 35(1)(ii) requires separate accounts, annual returns, and audited account filings by set deadlines. Approval to Birla Institute of Technology, Mesra under section 35(1)(ii) as a University is effective 1-4-1990 to 31-3-1991, subject to maintaining separate accounts for research receipts, furnishing annual research activity returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant Commissioner/Director by 30 June; applications for extension must be made through the Commissioner/Director three months before expiry, with six copies to the Secretary for extension requests.
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-expenditure approval under section 35(1)(ii) requires separate accounts, annual returns, and audited account filings by set deadlines.
Approval to Birla Institute of Technology, Mesra under section 35(1)(ii) as a University is effective 1-4-1990 to 31-3-1991, subject to maintaining separate accounts for research receipts, furnishing annual research activity returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant Commissioner/Director by 30 June; applications for extension must be made through the Commissioner/Director three months before expiry, with six copies to the Secretary for extension requests.
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 
