Approval under section 35(1)(ii): associations must keep separate research accounts and file annual returns and audited reports. Notification approves specified organisations as Associations for the purpose of section 35(1)(ii), subject to conditions: maintain separate research accounts; file an annual return of scientific research activities to the Department of Scientific & Industrial Research by 31st May; and submit audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income-tax (Exemptions), the Department of Scientific & Industrial Research, and the Commissioner/Director of Income-tax (Exemptions) by 31st October, in addition to the normal income-tax return. The notification lists approved organisations and their effective periods.
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): associations must keep separate research accounts and file annual returns and audited reports.
Notification approves specified organisations as Associations for the purpose of section 35(1)(ii), subject to conditions: maintain separate research accounts; file an annual return of scientific research activities to the Department of Scientific & Industrial Research by 31st May; and submit audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income-tax (Exemptions), the Department of Scientific & Industrial Research, and the Commissioner/Director of Income-tax (Exemptions) by 31st October, in addition to the normal income-tax return. The notification lists approved organisations and their effective periods.
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