Research institution approval under section 35(1)(ii) conditions tax exemption on separate accounts and annual audited filings. Approval is granted to specified organisations as institutions under clause (ii) of sub section (1) of section 35, subject to maintaining separate books for research, filing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts and audited research income and expenditure accounts to designated tax and DSIR authorities by 31 October each year; renewal applications must be made in triplicate through the Commissioner/Director of Income tax (Exemptions) and sent in triplicate to the DSIR Secretary.
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) conditions tax exemption on separate accounts and annual audited filings.
Approval is granted to specified organisations as institutions under clause (ii) of sub section (1) of section 35, subject to maintaining separate books for research, filing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts and audited research income and expenditure accounts to designated tax and DSIR authorities by 31 October each year; renewal applications must be made in triplicate through the Commissioner/Director of Income tax (Exemptions) and sent in triplicate to the DSIR Secretary.
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