Approval of institution status requires separate research accounts, annual departmental return, and audited submissions for tax exemption. Approval of Vedhshala as an institution eligible for exemption under section 35(1)(ii) is notified for a specified financial period, subject to conditions: maintain separate books for research activities; file an annual research return to the Department of Scientific and Industrial Research by the prescribed date; and submit audited annual accounts and audited income and expenditure accounts for research activities to the Director General of Income tax (Exemptions), the Secretary of the Department of Scientific and Industrial Research, and the appropriate Commissioner/Director of Income tax (Exemptions) by the stated annual deadline.
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 of institution status requires separate research accounts, annual departmental return, and audited submissions for tax exemption.
Approval of Vedhshala as an institution eligible for exemption under section 35(1)(ii) is notified for a specified financial period, subject to conditions: maintain separate books for research activities; file an annual research return to the Department of Scientific and Industrial Research by the prescribed date; and submit audited annual accounts and audited income and expenditure accounts for research activities to the Director General of Income tax (Exemptions), the Secretary of the Department of Scientific and Industrial Research, and the appropriate Commissioner/Director of Income tax (Exemptions) by the stated annual deadline.
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