Research institution approval under tax law requires separate research accounts and annual returns to the prescribed authority. Approval is granted to Ganesh Scientific Research Foundation, New Delhi, as an approved institution under section 35(1)(ii) for research in other natural or applied sciences, subject to maintenance of a separate account for research receipts (excluding agriculture/animal husbandry/fisheries and medicines) and annual submission of a scientific research return to the prescribed authority by 30 April each year.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval under tax law requires separate research accounts and annual returns to the prescribed authority.
Approval is granted to Ganesh Scientific Research Foundation, New Delhi, as an approved institution under section 35(1)(ii) for research in other natural or applied sciences, subject to maintenance of a separate account for research receipts (excluding agriculture/animal husbandry/fisheries and medicines) and annual submission of a scientific research return to the prescribed authority by 30 April each year.
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