Approval under section 35(1)(ii) grants research institution recognition subject to separate accounts, annual returns and audited accounts. Approval under section 35(1)(ii) recognises the organisation as an Institution for research-related tax purposes, subject to maintaining separate research accounts, 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 designated tax and research authorities by 30 June annually; the approval is effective for a specified period and requires timely application for extension through the jurisdictional Commissioner/Director.
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) grants research institution recognition subject to separate accounts, annual returns and audited accounts.
Approval under section 35(1)(ii) recognises the organisation as an Institution for research-related tax purposes, subject to maintaining separate research accounts, 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 designated tax and research authorities by 30 June annually; the approval is effective for a specified period and requires timely application for extension through the jurisdictional Commissioner/Director.
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