Research institution approval under section 35(1)(ii) requires separate research accounts, annual return and audited accounts annually. Indian Plywood Industries Research Association is approved as an Institution for the Income-tax Act research provision, on condition that it maintains separate accounts for scientific research, files an annual return of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May, and submits 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. Approval applies from 1 April 1991 to 31 March 1992, with prescribed procedures for applying 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 institution approval under section 35(1)(ii) requires separate research accounts, annual return and audited accounts annually.
Indian Plywood Industries Research Association is approved as an Institution for the Income-tax Act research provision, on condition that it maintains separate accounts for scientific research, files an annual return of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May, and submits 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. Approval applies from 1 April 1991 to 31 March 1992, with prescribed procedures for applying for extension.
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