Research institution approval under section 35(1)(ii) requires annual scientific returns, audited research accounts, and separate books. Marathwada Medical and Research Institute, Aurangabad, is approved as an institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act for 1-4-2000 to 31-3-2003, subject to maintaining separate research books, furnishing an annual scientific research return to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts and audited research income and expenditure accounts to the designated income-tax exemption authorities and the Department by 31 October each year.
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) requires annual scientific returns, audited research accounts, and separate books.
Marathwada Medical and Research Institute, Aurangabad, is approved as an institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act for 1-4-2000 to 31-3-2003, subject to maintaining separate research books, furnishing an annual scientific research return to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts and audited research income and expenditure accounts to the designated income-tax exemption authorities and the Department by 31 October each year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
