Approval under section 35: associations must keep separate research accounts and file annual returns plus audited accounts. Approval is granted to specified organisations as Associations under clause (ii) of sub section (1) of the Income tax Act read with rule 6, subject to conditions: maintain separate books for research activities; furnish an annual return of scientific research activities to the Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts plus audited income and expenditure accounts for research activities to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the relevant Commissioner/Director of Income tax (Exemptions) by 31 October, in addition to the return of income to the assessing officer.
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: associations must keep separate research accounts and file annual returns plus audited accounts.
Approval is granted to specified organisations as Associations under clause (ii) of sub section (1) of the Income tax Act read with rule 6, subject to conditions: maintain separate books for research activities; furnish an annual return of scientific research activities to the Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts plus audited income and expenditure accounts for research activities to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the relevant Commissioner/Director of Income tax (Exemptions) by 31 October, in addition to the return of income to the assessing officer.
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