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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Karnataka Institute Approved for Tax Benefits Under Section 35(1)(ii) of Income Tax Act, 1961</h1> The Karnataka Institute of Applied Agricultural Research in Bagalkot, Karnataka, has been approved by the Central Government under section 35(1)(ii) of the Income Tax Act, 1961, effective from April 1, 2000, to March 31, 2003. The approval requires the institute to maintain separate accounts for research activities, submit annual scientific research returns by May 31 each year, and provide audited accounts to relevant authorities by October 31 annually. The institute must apply for renewal of approval in advance through the appropriate tax authorities and send copies to the Department of Scientific and Industrial Research.
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