Approval under section 35(1)(ii) recognition as Scientific Research Association requires separate research accounts and annual returns. Approval under section 35(1)(ii) recognises the Birla Institute of Medical Research as a Scientific Research Association conditioned on maintaining a separate account for research funds, furnishing annual returns of scientific research activities by 31 May in the prescribed form, and supplying a copy of the annual audited statement of accounts to the council and the concerned Income-tax Commissioner by that date.
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) recognition as Scientific Research Association requires separate research accounts and annual returns.
Approval under section 35(1)(ii) recognises the Birla Institute of Medical Research as a Scientific Research Association conditioned on maintaining a separate account for research funds, furnishing annual returns of scientific research activities by 31 May in the prescribed form, and supplying a copy of the annual audited statement of accounts to the council and the concerned Income-tax Commissioner by that date.
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