Research approval under Section 35(1)(ii) requires separate accounts and annual reporting by institutions to tax and science authorities. Approval as an institution for research-related tax purposes is conditional on maintaining separate research accounts, filing an annual return of scientific research activities with the Department of Scientific and Industrial Research by the prescribed deadline, and submitting audited annual accounts reflecting income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary of the Department of Scientific and Industrial Research, and the relevant tax commissioner/director by the prescribed annual deadline.
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 accounts and annual reporting by institutions to tax and science authorities.
Approval as an institution for research-related tax purposes is conditional on maintaining separate research accounts, filing an annual return of scientific research activities with the Department of Scientific and Industrial Research by the prescribed deadline, and submitting audited annual accounts reflecting income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary of the Department of Scientific and Industrial Research, and the relevant tax commissioner/director by the prescribed annual deadline.
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