Approval under section 35(1)(ii): tax recognition for a research society conditioned on separate accounts and annual filings. Approval under section 35(1)(ii) is granted to the Machinery and Scientific Research Product Society, New Delhi as an 'Association' for scientific research in other natural and applied sciences (excluding agriculture, animal husbandry, fisheries and medicines). The approval is conditional on maintaining a separate account for qualifying research receipts, furnishing an annual return of research activities to the prescribed authority by 30 April each year, and submitting that annual return and statement of accounts to the Commissioner of Income-tax. The approval is effective for a three-year period from 14-4-1981 to 13-4-1984.
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): tax recognition for a research society conditioned on separate accounts and annual filings.
Approval under section 35(1)(ii) is granted to the Machinery and Scientific Research Product Society, New Delhi as an 'Association' for scientific research in other natural and applied sciences (excluding agriculture, animal husbandry, fisheries and medicines). The approval is conditional on maintaining a separate account for qualifying research receipts, furnishing an annual return of research activities to the prescribed authority by 30 April each year, and submitting that annual return and statement of accounts to the Commissioner of Income-tax. The approval is effective for a three-year period from 14-4-1981 to 13-4-1984.
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