Research institution approval under section 35 requires separate research accounts and annual audited reporting to tax and research authorities. Approval as an institution for research-related tax relief under clause (iii) of sub-section (1) of section 35 is conditional on maintaining separate books for research activities, filing an annual scientific research return to the designated research department by the prescribed date, and submitting audited annual accounts and audited income-and-expenditure statements for research activities to the specified tax and research authorities annually; renewal requires advance triplicate application through the jurisdictional tax exemptions office with copies to the research department.
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 requires separate research accounts and annual audited reporting to tax and research authorities.
Approval as an institution for research-related tax relief under clause (iii) of sub-section (1) of section 35 is conditional on maintaining separate books for research activities, filing an annual scientific research return to the designated research department by the prescribed date, and submitting audited annual accounts and audited income-and-expenditure statements for research activities to the specified tax and research authorities annually; renewal requires advance triplicate application through the jurisdictional tax exemptions office with copies to the research department.
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