Tax approval for research institution under section 35(1)(ii) requires separate accounts and annual audited returns. Approval is granted to the National Institute of Advanced Studies, Bangalore, as an Institution under section 35(1)(ii), subject to maintaining a separate account for scientific research, furnishing an annual return of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to specified tax and scientific authorities by 30 June. The approval is effective from 30 September 1991 to 31 March 1993 and includes directions for applying for extension through prescribed channels.
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.
Tax approval for research institution under section 35(1)(ii) requires separate accounts and annual audited returns.
Approval is granted to the National Institute of Advanced Studies, Bangalore, as an Institution under section 35(1)(ii), subject to maintaining a separate account for scientific research, furnishing an annual return of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to specified tax and scientific authorities by 30 June. The approval is effective from 30 September 1991 to 31 March 1993 and includes directions for applying for extension through prescribed channels.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
