Research institution approval requires maintaining separate research accounts and annual audited reporting to designated authorities. The Research Society of the Bombay College of Pharmacy is approved as an Institution under clause (ii) of sub-section (1) of section 35, effective for the stated financial year, subject to maintaining separate accounts for scientific research, furnishing annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director of Income-tax (Exemptions) by 30th June; procedures for timely application for extension are prescribed.
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 requires maintaining separate research accounts and annual audited reporting to designated authorities.
The Research Society of the Bombay College of Pharmacy is approved as an Institution under clause (ii) of sub-section (1) of section 35, effective for the stated financial year, subject to maintaining separate accounts for scientific research, furnishing annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director of Income-tax (Exemptions) by 30th June; procedures for timely application for extension are prescribed.
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