Section 35 approval: research institutions must keep separate research accounts and file annual returns and audited research accounts timely. Approval for M/s Gujarat Institute of Development Research as an Institution under section 35 is subject to maintaining separate books for research, filing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and a separate audited income & expenditure account for research to designated tax and DSIR authorities by 31 October, alongside the income tax return. Renewal must be applied for in triplicate through the Commissioner/Director of Income tax (Exemptions) with three copies to the Secretary, DSIR.
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Provisions expressly mentioned in the judgment/order text.
Section 35 approval: research institutions must keep separate research accounts and file annual returns and audited research accounts timely.
Approval for M/s Gujarat Institute of Development Research as an Institution under section 35 is subject to maintaining separate books for research, filing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and a separate audited income & expenditure account for research to designated tax and DSIR authorities by 31 October, alongside the income tax return. Renewal must be applied for in triplicate through the Commissioner/Director of Income tax (Exemptions) with three copies to the Secretary, DSIR.
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