Approval under section 35(1)(ii) grants institutional research exemption subject to separate accounts, reporting, and audited submissions. Approval under section 35(1)(ii) recognises the Foundation as an institution for research expenditure subject to maintaining separate research accounts, filing an annual scientific research return to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director-General (Exemptions), the Secretary, and the relevant Commissioner/Director of Income-tax (Exemptions) by 30 June. The approval period is 1 April 1991 to 31 March 1993, and the Foundation must apply for extension through the prescribed authorities before expiry.
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.
Approval under section 35(1)(ii) grants institutional research exemption subject to separate accounts, reporting, and audited submissions.
Approval under section 35(1)(ii) recognises the Foundation as an institution for research expenditure subject to maintaining separate research accounts, filing an annual scientific research return to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director-General (Exemptions), the Secretary, and the relevant Commissioner/Director of Income-tax (Exemptions) by 30 June. The approval period is 1 April 1991 to 31 March 1993, and the Foundation must apply for extension through the prescribed authorities before expiry.
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