Approval under section 35(1)(ii) mandates separate research accounts and annual audited returns for research organisations. K. J. Research Foundation, Madras, is approved under section 35(1)(ii) subject to maintaining a separate account for scientific research receipts; filing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May; and submitting audited annual accounts to specified tax and research authorities by 30th June. The approval is effective for a stated period and the notification prescribes procedures and timelines for applying for extension through the jurisdictional tax office and the Secretary, Department of Scientific and Industrial Research.
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) mandates separate research accounts and annual audited returns for research organisations.
K. J. Research Foundation, Madras, is approved under section 35(1)(ii) subject to maintaining a separate account for scientific research receipts; filing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May; and submitting audited annual accounts to specified tax and research authorities by 30th June. The approval is effective for a stated period and the notification prescribes procedures and timelines for applying for extension through the jurisdictional tax office and the Secretary, Department of Scientific and Industrial Research.
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