Research institution approval under section 35(1)(ii) permits tax exempt research deductions subject to specified compliance and reporting. Specified organisations are approved as Institutions under clause (ii) of sub section (1) of section 35, subject to maintenance of separate books for research, filing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research, and submission of audited annual accounts and audited income & 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), 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.
Research institution approval under section 35(1)(ii) permits tax exempt research deductions subject to specified compliance and reporting.
Specified organisations are approved as Institutions under clause (ii) of sub section (1) of section 35, subject to maintenance of separate books for research, filing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research, and submission of audited annual accounts and audited income & 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), in addition to the return of income to the Assessing Officer.
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