Research institution approval under section 35(1)(ii) requires separate research accounts and annual audited submissions. Tata Memorial Centre is approved as an Institution under section 35(1)(ii) for 1 April 2003 to 31 March 2006 subject to conditions: maintain separate books for research activities; submit audited annual accounts and audited income & expenditure accounts for research to the Director General of Income-tax (Exemption) and the Commissioner/Director of Income-tax (Exemptions) by 31 October each year; and file the income-tax return with the designated assessing officer. The separate-books requirement does not apply to organisations categorised as associations, and the organisation should apply in triplicate for renewal.
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) requires separate research accounts and annual audited submissions.
Tata Memorial Centre is approved as an Institution under section 35(1)(ii) for 1 April 2003 to 31 March 2006 subject to conditions: maintain separate books for research activities; submit audited annual accounts and audited income & expenditure accounts for research to the Director General of Income-tax (Exemption) and the Commissioner/Director of Income-tax (Exemptions) by 31 October each year; and file the income-tax return with the designated assessing officer. The separate-books requirement does not apply to organisations categorised as associations, and the organisation should apply in triplicate for renewal.
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