Tax exemption approval under section 35(1)(ii) requires separate research accounts, annual returns and audited accounts by deadlines. Approval granted to The Childs Trust Medical Research Foundation as an Institution under clause (ii) of sub section (1) of section 35 requires maintenance of a separate account for scientific research, annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May, and submission by 30 June of audited annual accounts to the Director General (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director. The approval is effective from 1 April 1991 to 31 March 1994 with prescribed procedures for seeking extension.
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.
Tax exemption approval under section 35(1)(ii) requires separate research accounts, annual returns and audited accounts by deadlines.
Approval granted to The Childs Trust Medical Research Foundation as an Institution under clause (ii) of sub section (1) of section 35 requires maintenance of a separate account for scientific research, annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May, and submission by 30 June of audited annual accounts to the Director General (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director. The approval is effective from 1 April 1991 to 31 March 1994 with prescribed procedures for seeking extension.
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