Approval under section 35(1)(ii) requires separate research accounts and annual returns, enabling tax-related recognition for scientific research. Gharda Scientific Research Foundation, Bombay is approved as an institution for research in other natural or applied sciences under the Income-tax framework, conditional on maintaining a separate account for research sums and furnishing an annual return of scientific research activities to the prescribed authority in prescribed forms by 30th April each year; approval is effective from 8-1-1980 to 7-1-1983.
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) requires separate research accounts and annual returns, enabling tax-related recognition for scientific research.
Gharda Scientific Research Foundation, Bombay is approved as an institution for research in other natural or applied sciences under the Income-tax framework, conditional on maintaining a separate account for research sums and furnishing an annual return of scientific research activities to the prescribed authority in prescribed forms by 30th April each year; approval is effective from 8-1-1980 to 7-1-1983.
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