Research expenditure approval under section 35(1)(ii) enables institutional tax recognition subject to reporting and accounting obligations Approval under section 35(1)(ii) is granted to the Madras Institute of Magnetobiology as an Association for tax recognition of scientific research expenditure, conditioned on maintaining separate research accounts and fulfilling prescribed reporting, audited accounts submission, and timely renewal application requirements to the appropriate authorities.
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 expenditure approval under section 35(1)(ii) enables institutional tax recognition subject to reporting and accounting obligations
Approval under section 35(1)(ii) is granted to the Madras Institute of Magnetobiology as an Association for tax recognition of scientific research expenditure, conditioned on maintaining separate research accounts and fulfilling prescribed reporting, audited accounts submission, and timely renewal application requirements to the appropriate authorities.
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 
