Research institution approval under section 35(1)(ii): tax-exemption subject to separate accounts and annual reporting obligations. Specified organisations are approved as institutions for research-related income-tax purposes, conditional on maintaining separate research accounts, furnishing an annual scientific research return to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts and audited income-and-expenditure statements for research activities to designated income-tax and DSIR authorities by 31 October, alongside the normal income-tax return; six organisations are named with specified effective approval 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.
Research institution approval under section 35(1)(ii): tax-exemption subject to separate accounts and annual reporting obligations.
Specified organisations are approved as institutions for research-related income-tax purposes, conditional on maintaining separate research accounts, furnishing an annual scientific research return to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts and audited income-and-expenditure statements for research activities to designated income-tax and DSIR authorities by 31 October, alongside the normal income-tax return; six organisations are named with specified effective approval periods.
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