Section 35 approval for research institutions conditions tax-exemption eligibility subject to accounting, annual returns, and audited submissions. M/s Vedanta Cultural Foundation is approved under section 35 for the period 1.8.2003 to 31.3.2006, subject to maintaining separate books for research and meeting reporting requirements: annual scientific research returns to the Department of Scientific & Industrial Research by 31 May, and submission by 31 October of audited annual accounts and audited income & expenditure accounts for research activities to the designated tax and departmental authorities; renewal applications must be submitted in triplicate through the tax exemption authority and directly to the Department.
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Section 35 approval for research institutions conditions tax-exemption eligibility subject to accounting, annual returns, and audited submissions.
M/s Vedanta Cultural Foundation is approved under section 35 for the period 1.8.2003 to 31.3.2006, subject to maintaining separate books for research and meeting reporting requirements: annual scientific research returns to the Department of Scientific & Industrial Research by 31 May, and submission by 31 October of audited annual accounts and audited income & expenditure accounts for research activities to the designated tax and departmental authorities; renewal applications must be submitted in triplicate through the tax exemption authority and directly to the Department.
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