Research approval under section 35(1)(ii) requires separate research accounts, annual returns and audited submissions for tax recognition. Approval under clause (ii) of sub section (1) of section 35 is granted to Thaper Corporate Research and Development and Research Centre for 1 April 1990 to 31 March 1992, conditional on maintaining separate research accounts, filing an annual return of scientific research activities 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 Commissioner/Director of Income tax (Exemptions) by 30 June each year; guidance for applying for extension of approval is provided.
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 approval under section 35(1)(ii) requires separate research accounts, annual returns and audited submissions for tax recognition.
Approval under clause (ii) of sub section (1) of section 35 is granted to Thaper Corporate Research and Development and Research Centre for 1 April 1990 to 31 March 1992, conditional on maintaining separate research accounts, filing an annual return of scientific research activities 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 Commissioner/Director of Income tax (Exemptions) by 30 June each year; guidance for applying for extension of approval is provided.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
