Approval under section 35(1)(ii): institutional recognition with conditions for separate research accounts, annual returns and tax filing. Approval under section 35(1)(ii) of the Income-tax Act, 1961 was granted to the Assam Science Society, Gauhati, as an Association in the field of natural and applied sciences, subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 30 April each year, and submitting annual returns and statement of accounts to the Commissioner of Income-tax, Gauhati; the notification specifies a three-year effective period.
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.
Approval under section 35(1)(ii): institutional recognition with conditions for separate research accounts, annual returns and tax filing.
Approval under section 35(1)(ii) of the Income-tax Act, 1961 was granted to the Assam Science Society, Gauhati, as an Association in the field of natural and applied sciences, subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 30 April each year, and submitting annual returns and statement of accounts to the Commissioner of Income-tax, Gauhati; the notification specifies a three-year effective period.
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