Research approval requires institutions to keep separate research accounts and submit annual audited research filings by set deadlines. Approval under section 35(1)(ii) recognises the National Brain Research Centre as an 'Institution' for research-related tax purposes subject to conditions: maintain separate books for research (except Associations); file an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and audited income & expenditure accounts for research to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31 October, alongside the return of income to the assessing officer.
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 approval requires institutions to keep separate research accounts and submit annual audited research filings by set deadlines.
Approval under section 35(1)(ii) recognises the National Brain Research Centre as an "Institution" for research-related tax purposes subject to conditions: maintain separate books for research (except Associations); file an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and audited income & expenditure accounts for research to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31 October, alongside the return of income to the assessing officer.
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