Institutional approval under section 35(1)(ii) requires separate research accounts and annual returns to the prescribed authority. Approval is granted to Loyola Academy, Secunderabad, as an Institution for purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act for scientific research in specified natural or applied sciences, subject to maintaining a separate account for research receipts and furnishing an annual return of scientific research activities to the prescribed authority in the prescribed form by the prescribed annual deadline.
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.
Institutional approval under section 35(1)(ii) requires separate research accounts and annual returns to the prescribed authority.
Approval is granted to Loyola Academy, Secunderabad, as an Institution for purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act for scientific research in specified natural or applied sciences, subject to maintaining a separate account for research receipts and furnishing an annual return of scientific research activities to the prescribed authority in the prescribed form by the prescribed annual deadline.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
