Research Expenditure Approval under Section 35(1)(ii) granted with mandatory accounts, annual DSIR return and audited filings. The K.E.M. Hospital Research Centre was approved as an Institution for purposes of research expenditure under rule 6 and the income-tax provision, subject to maintaining a separate account for scientific research receipts; furnishing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31 May; and submitting audited annual accounts to specified tax and departmental authorities by 30 June. Approval was effective from 1 April 1991 to 31 March 1993 and includes prescribed procedures for timely application 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 Expenditure Approval under Section 35(1)(ii) granted with mandatory accounts, annual DSIR return and audited filings.
The K.E.M. Hospital Research Centre was approved as an Institution for purposes of research expenditure under rule 6 and the income-tax provision, subject to maintaining a separate account for scientific research receipts; furnishing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31 May; and submitting audited annual accounts to specified tax and departmental authorities by 30 June. Approval was effective from 1 April 1991 to 31 March 1993 and includes prescribed procedures for timely application for extension.
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 
