Research exemption under section 35(1) requires separate research accounts, annual return to DSIR and audited filings. Approval under section 35(1) as an Association is subject to maintaining separate books for research, furnishing an Annual Return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May each year, and submitting by 31 October audited Annual Accounts and audited Income & Expenditure Accounts for research activities to the Director General of Income-tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the Commissioner/Director of Income-tax (Exemptions), in addition to filing the income-tax return with the designated Assessing Officer.
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 exemption under section 35(1) requires separate research accounts, annual return to DSIR and audited filings.
Approval under section 35(1) as an Association is subject to maintaining separate books for research, furnishing an Annual Return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May each year, and submitting by 31 October audited Annual Accounts and audited Income & Expenditure Accounts for research activities to the Director General of Income-tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the Commissioner/Director of Income-tax (Exemptions), in addition to filing the income-tax return with the designated Assessing Officer.
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