Research exemption under section 35 grants institutional recognition subject to separate accounting and annual reporting obligations. Approval under section 35(1)(ii) recognises Kasturba Health Society as an 'Institution' for research-related tax benefits, conditional on maintaining separate research accounts, filing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by the prescribed deadline, and submitting audited annual accounts and audited Income & Expenditure accounts for the research activities to designated tax and scientific authorities by the prescribed annual deadline, alongside the regular return of income; renewal applications must be made in triplicate through the tax authorities and sent to the Secretary, 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 exemption under section 35 grants institutional recognition subject to separate accounting and annual reporting obligations.
Approval under section 35(1)(ii) recognises Kasturba Health Society as an "Institution" for research-related tax benefits, conditional on maintaining separate research accounts, filing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by the prescribed deadline, and submitting audited annual accounts and audited Income & Expenditure accounts for the research activities to designated tax and scientific authorities by the prescribed annual deadline, alongside the regular return of income; renewal applications must be made in triplicate through the tax authorities and sent to the Secretary, DSIR.
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