Section 35(1)(ii) approval requires separate research accounts and annual audited submissions to tax and science authorities. Approval is granted to M/s Indian Cancer Society, Solapur as an Institution for purposes of Section 35(1)(ii) for 1 April 2002 to 31 March 2005, subject to conditions: maintain separate research accounts; file an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and audited income and expenditure accounts for research to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31 October, in addition to filing the return of income. Apply in triplicate for renewal through the Commissioner/Director and send three copies to the Secretary, DSIR.
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Provisions expressly mentioned in the judgment/order text.
Section 35(1)(ii) approval requires separate research accounts and annual audited submissions to tax and science authorities.
Approval is granted to M/s Indian Cancer Society, Solapur as an Institution for purposes of Section 35(1)(ii) for 1 April 2002 to 31 March 2005, subject to conditions: maintain separate research accounts; file an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and audited income and expenditure accounts for research to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31 October, in addition to filing the return of income. Apply in triplicate for renewal through the Commissioner/Director and send three copies to the Secretary, DSIR.
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