Research exemption under section 35(1)(ii): approval with annual reporting, audit obligations and renewal application procedure Approval under section 35(1)(ii) is granted to Thapar Centre for Industrial Research & Development for 1 April 2000 to 31 March 2003 as an 'Association,' subject to maintaining separate research books, 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 audited income & expenditure accounts for research activities to designated income-tax and departmental authorities by 31 October, in addition to the regular income-tax return.
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(1)(ii): approval with annual reporting, audit obligations and renewal application procedure
Approval under section 35(1)(ii) is granted to Thapar Centre for Industrial Research & Development for 1 April 2000 to 31 March 2003 as an "Association," subject to maintaining separate research books, 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 audited income & expenditure accounts for research activities to designated income-tax and departmental authorities by 31 October, in addition to the regular income-tax return.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
