Section 35(1)(ii) approval requires separate research accounts, annual DSIR return and audited accounts to tax authorities. Approval of the Indian Cospar Development Centre, Calcutta as an institution under section 35(1)(ii) is subject to maintaining a separate account for scientific research, furnishing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research, and submitting 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).
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.
Section 35(1)(ii) approval requires separate research accounts, annual DSIR return and audited accounts to tax authorities.
Approval of the Indian Cospar Development Centre, Calcutta as an institution under section 35(1)(ii) is subject to maintaining a separate account for scientific research, furnishing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research, and submitting 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).
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