Research institution approval under section 35(1)(ii): conditional recognition requiring separate accounts and annual returns and submission to tax commissioner. Approval is granted to the Maharashtra Association for the Cultivation of Science, Poona as an approved institution under section 35(1)(ii) for research in other natural or applied sciences, effective for three years from 6 March 1981. Conditions require maintenance of separate accounts for eligible research receipts, annual returns of research activities in prescribed forms to the prescribed authority by 30 April each year, and submission of the annual return with the statement of accounts to the Commissioner of Income tax.
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Research institution approval under section 35(1)(ii): conditional recognition requiring separate accounts and annual returns and submission to tax commissioner.
Approval is granted to the Maharashtra Association for the Cultivation of Science, Poona as an approved institution under section 35(1)(ii) for research in other natural or applied sciences, effective for three years from 6 March 1981. Conditions require maintenance of separate accounts for eligible research receipts, annual returns of research activities in prescribed forms to the prescribed authority by 30 April each year, and submission of the annual return with the statement of accounts to the Commissioner of Income tax.
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