Exemption under section 35(1)(ii) for university research subject to separate accounts and annual reporting requirements. The University of Rajasthan, Jaipur is approved for an exemption under the Income-tax Act for scientific research in natural or applied sciences (excluding agriculture, animal husbandry, fisheries and medicines), subject to maintaining separate accounts for research receipts and furnishing an annual return of scientific research activities to the prescribed authority by 30th April each year.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35(1)(ii) for university research subject to separate accounts and annual reporting requirements.
The University of Rajasthan, Jaipur is approved for an exemption under the Income-tax Act for scientific research in natural or applied sciences (excluding agriculture, animal husbandry, fisheries and medicines), subject to maintaining separate accounts for research receipts and furnishing an annual return of scientific research activities to the prescribed authority by 30th April each year.
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