Research expenditure approval under section 35(1)(ii) granted with annual reporting and accounting conditions for institutions. Indian National Academy of Engineering approved as an Institution for research exemption under section 35(1)(ii) subject to maintaining a separate research account, furnishing annual scientific returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director by 30 June. Approval period: 1 April 1990 to 31 March 1992, with prescribed procedures for timely application for 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.
Research expenditure approval under section 35(1)(ii) granted with annual reporting and accounting conditions for institutions.
Indian National Academy of Engineering approved as an Institution for research exemption under section 35(1)(ii) subject to maintaining a separate research account, furnishing annual scientific returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director by 30 June. Approval period: 1 April 1990 to 31 March 1992, with prescribed procedures for timely application for extension.
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