Approval under section 35(1)(ii) requires research association to maintain separate accounts, file annual returns and audited accounts. Approval under section 35(1)(ii) is granted to the Research Institute for Graphics Arts as an 'Association' subject to conditions: maintain a separate account for research receipts, furnish annual scientific research returns by 31st May, submit audited annual accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30th June, and apply to the Central Board for extension at least three months before expiry. The notification is effective from 1-4-87 to 31-12-1987.
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(1)(ii) requires research association to maintain separate accounts, file annual returns and audited accounts.
Approval under section 35(1)(ii) is granted to the Research Institute for Graphics Arts as an "Association" subject to conditions: maintain a separate account for research receipts, furnish annual scientific research returns by 31st May, submit audited annual accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30th June, and apply to the Central Board for extension at least three months before expiry. The notification is effective from 1-4-87 to 31-12-1987.
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