Approval under section 35(1)(ii): research centre subject to accounting, annual reporting and audited accounts submission. Approval under section 35(1)(ii) is granted to the Centre for Scientific Research subject to conditions: maintain separate accounts for research receipts; furnish an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May each year; 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 30th June each year.
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): research centre subject to accounting, annual reporting and audited accounts submission.
Approval under section 35(1)(ii) is granted to the Centre for Scientific Research subject to conditions: maintain separate accounts for research receipts; furnish an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May each year; 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 30th June each year.
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