Research approval under Section 35 granted to Current Science Association subject to annual reporting, audited accounts and separate research accounts. Approval is granted to Current Science Association as an institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act on condition that it maintain a separate research account, furnish annual returns of scientific research activities to the Department of Scientific and Industrial Research, and submit audited annual accounts showing income, expenditure and assets and liabilities to the prescribed tax and research authorities by the required annual filing date.
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 approval under Section 35 granted to Current Science Association subject to annual reporting, audited accounts and separate research accounts.
Approval is granted to Current Science Association as an institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act on condition that it maintain a separate research account, furnish annual returns of scientific research activities to the Department of Scientific and Industrial Research, and submit audited annual accounts showing income, expenditure and assets and liabilities to the prescribed tax and research authorities by the required annual filing date.
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