Research association approval requires separate research accounts and annual audited submissions to tax and science authorities for exemption compliance. Approval is granted to M/s Indian Association for the Cultivation of Science as an Association for purposes of Section 35, subject to maintenance of separate books for research, annual submission of a scientific research return to the Secretary, Department of Scientific & Industrial Research, and annual transmission of audited accounts and audited Income & Expenditure accounts for research activities to the Director General (Exemptions), the Secretary DSIR, and the Commissioner/Director of Income Tax (Exemptions), alongside the regular income-tax return; renewal applications must be filed in triplicate through the Commissioner/Director and sent in three copies to the Secretary DSIR.
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Research association approval requires separate research accounts and annual audited submissions to tax and science authorities for exemption compliance.
Approval is granted to M/s Indian Association for the Cultivation of Science as an Association for purposes of Section 35, subject to maintenance of separate books for research, annual submission of a scientific research return to the Secretary, Department of Scientific & Industrial Research, and annual transmission of audited accounts and audited Income & Expenditure accounts for research activities to the Director General (Exemptions), the Secretary DSIR, and the Commissioner/Director of Income Tax (Exemptions), alongside the regular income-tax return; renewal applications must be filed in triplicate through the Commissioner/Director and sent in three copies to the Secretary DSIR.
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