The Central Govt. approved M/s Hastimal Sancheti Memorial Trust under section 35(1)(ii) Notification No. 59 of 2003, dt. 31st March, 2003 - 059/2003 - Income Tax
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Research institution approval under section 35(1)(ii) imposes specific accounting, annual return, and audited submission obligations. Central Government approval under section 35(1)(ii) designates M/s Hastimal Sancheti Memorial Trust as an Institution eligible for research-related tax exemption subject to conditions: maintain separate books for research, furnish an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31st May, and submit audited annual accounts and audited income & expenditure accounts for research activities to specified income-tax and DSIR authorities by 31st October, in addition to the income-tax return. The notice advises timely triplicate applications for renewal to tax authorities and DSIR.
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) imposes specific accounting, annual return, and audited submission obligations.
Central Government approval under section 35(1)(ii) designates M/s Hastimal Sancheti Memorial Trust as an Institution eligible for research-related tax exemption subject to conditions: maintain separate books for research, furnish an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31st May, and submit audited annual accounts and audited income & expenditure accounts for research activities to specified income-tax and DSIR authorities by 31st October, in addition to the income-tax return. The notice advises timely triplicate applications for renewal to tax authorities and DSIR.
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