Approval under section 35(1)(ii) confers institutional research exemption subject to annual returns and audited account filings. Approval is granted to Narendra Deva Krishi Evam Prodyogik Vishwavidyalaya as an Institution under clause (ii) of sub section (1) of section 35 of the Income tax Act, effective 4 March 1991 to 31 March 1992, subject to maintaining a separate research account, filing an annual research return to the Secretary, Department of Scientific and Industrial Research by 31 May each year, and submitting audited annual accounts to specified tax and research authorities by 30 June each year.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii) confers institutional research exemption subject to annual returns and audited account filings.
Approval is granted to Narendra Deva Krishi Evam Prodyogik Vishwavidyalaya as an Institution under clause (ii) of sub section (1) of section 35 of the Income tax Act, effective 4 March 1991 to 31 March 1992, subject to maintaining a separate research account, filing an annual research return to the Secretary, Department of Scientific and Industrial Research by 31 May each year, and submitting audited annual accounts to specified tax and research authorities by 30 June each year.
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