Approval under section 35(1)(ii) grants research association tax-exempt recognition, subject to separate accounts, annual returns and audited reports. Approval under section 35(1)(ii) was granted to Batra Medical Research Centre as an Association for the period 1-4-1990 to 31-3-1991, subject to conditions: maintain separate accounts for scientific research; furnish annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May; and submit audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant Commissioner/Director of Income-tax (Exemptions) by 30 June each year. The organisation is advised to apply for extension through the appropriate tax authority three months before expiry.
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.
Approval under section 35(1)(ii) grants research association tax-exempt recognition, subject to separate accounts, annual returns and audited reports.
Approval under section 35(1)(ii) was granted to Batra Medical Research Centre as an Association for the period 1-4-1990 to 31-3-1991, subject to conditions: maintain separate accounts for scientific research; furnish annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May; and submit audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant Commissioner/Director of Income-tax (Exemptions) by 30 June each year. The organisation is advised to apply for extension through the appropriate tax authority three months before expiry.
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