Section 35(1)(ii) approval requires institutions to maintain separate research accounts and file annual audited research returns. Central Government approval under clause (ii) of subsection (1) of section 35 classifies the Indian Institute of Health Management Research, Jaipur as an Institution eligible for research-related tax recognition. Conditions require the Institution to maintain separate books for research activities, file an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submit audited annual accounts and an audited income-and-expenditure account for research to specified tax and departmental authorities by 31 October each year, alongside the return of income to the designated Assessing Officer.
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Provisions expressly mentioned in the judgment/order text.
Section 35(1)(ii) approval requires institutions to maintain separate research accounts and file annual audited research returns.
Central Government approval under clause (ii) of subsection (1) of section 35 classifies the Indian Institute of Health Management Research, Jaipur as an Institution eligible for research-related tax recognition. Conditions require the Institution to maintain separate books for research activities, file an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submit audited annual accounts and an audited income-and-expenditure account for research to specified tax and departmental authorities by 31 October each year, alongside the return of income to the designated Assessing Officer.
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