Approval under section 35(1)(ii) conditions research-related tax benefits on separate accounts, audited accounts and annual returns. Approval under section 35(1)(ii) is granted to The Institution of Engineers (India), Calcutta as an Institution to receive research-related contributions, subject to conditions: maintain a separate account for scientific research receipts; file annual returns of research activities to the Department of Scientific and Industrial Research by 31st May; and submit audited annual accounts showing income, expenditure, assets and liabilities to specified tax and research authorities by 30th June each year. The notification specifies its effective period and prescribes the procedure for applying for extension of approval.
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) conditions research-related tax benefits on separate accounts, audited accounts and annual returns.
Approval under section 35(1)(ii) is granted to The Institution of Engineers (India), Calcutta as an Institution to receive research-related contributions, subject to conditions: maintain a separate account for scientific research receipts; file annual returns of research activities to the Department of Scientific and Industrial Research by 31st May; and submit audited annual accounts showing income, expenditure, assets and liabilities to specified tax and research authorities by 30th June each year. The notification specifies its effective period and prescribes the procedure for applying for extension of approval.
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