Approval under section 35(1)(ii): research institution must maintain separate accounts and submit annual returns and audited accounts. Approval under section 35(1)(ii) was granted to Sri Jayadeva Institute of Cardiology as an Institution subject to conditions: maintain a separate account for research receipts, furnish an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by the prescribed annual deadline, and submit audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research and the local Commissioner/Director of Income-tax (Exemptions) by the stated annual date.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii): research institution must maintain separate accounts and submit annual returns and audited accounts.
Approval under section 35(1)(ii) was granted to Sri Jayadeva Institute of Cardiology as an Institution subject to conditions: maintain a separate account for research receipts, furnish an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by the prescribed annual deadline, and submit audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research and the local Commissioner/Director of Income-tax (Exemptions) by the stated annual date.
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