Approval under section 35(1)(ii): institution must keep separate research accounts and file annual returns and audited accounts. Approval is granted to The Bombay Textile Research Association as an institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act for the period 1 April 1991 to 31 March 1993, subject to conditions: maintain separate research accounts, furnish annual scientific research returns to the Department of Scientific and Industrial Research by 31 May, and submit audited annual accounts to specified authorities by 30 June; procedures and timelines for seeking extension of approval 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.
Approval under section 35(1)(ii): institution must keep separate research accounts and file annual returns and audited accounts.
Approval is granted to The Bombay Textile Research Association as an institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act for the period 1 April 1991 to 31 March 1993, subject to conditions: maintain separate research accounts, furnish annual scientific research returns to the Department of Scientific and Industrial Research by 31 May, and submit audited annual accounts to specified authorities by 30 June; procedures and timelines for seeking extension of approval are prescribed.
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