Approval under section 35(1)(ii) confers institutional recognition with annual accounts, research reporting, and extension procedures. Approval recognizes the Indian Institute of Technology, Powai as an 'Institution' under section 35(1)(ii) subject to maintaining separate research accounts, furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to tax and research authorities by 30th June; the approval is time-limited to 1 April 1990-31 March 1992 and prescribes procedures for extension of approval, including advance application through the jurisdictional tax officer and submission of multiple copies to the Secretary.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii) confers institutional recognition with annual accounts, research reporting, and extension procedures.
Approval recognizes the Indian Institute of Technology, Powai as an "Institution" under section 35(1)(ii) subject to maintaining separate research accounts, furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to tax and research authorities by 30th June; the approval is time-limited to 1 April 1990-31 March 1992 and prescribes procedures for extension of approval, including advance application through the jurisdictional tax officer and submission of multiple copies to the Secretary.
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