Research institution approval under section 35(1)(ii) requires separate research accounts and annual audited reporting to specified authorities. The Foundation for Research in Community Health is approved as an institution for income-tax research deduction purposes subject to conditions: maintain separate research accounts; furnish annual returns of scientific 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 local Commissioner/Director (Exemptions) by 30 June. The notification sets the approval period and prescribes the procedure for extension applications.
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 institution approval under section 35(1)(ii) requires separate research accounts and annual audited reporting to specified authorities.
The Foundation for Research in Community Health is approved as an institution for income-tax research deduction purposes subject to conditions: maintain separate research accounts; furnish annual returns of scientific 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 local Commissioner/Director (Exemptions) by 30 June. The notification sets the approval period and prescribes the procedure for extension applications.
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