Approval under section 35(1)(ii) requires separate research accounts and annual returns to tax and prescribed authorities. Approval is granted to the Centre of Plant Engineering Services, Hyderabad as an approved institution for research in other natural and applied sciences, subject to maintaining a separate account for research sums (excluding agriculture, animal husbandry, fisheries and medicines), furnishing an annual return of scientific research activities to the prescribed authority by 30 April each year, and submitting an annual return and statement of accounts to the Commissioner of Income-tax annually. The approval is effective for two years from 26 May 1981 to 25 May 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 to tax and prescribed authorities.
Approval is granted to the Centre of Plant Engineering Services, Hyderabad as an approved institution for research in other natural and applied sciences, subject to maintaining a separate account for research sums (excluding agriculture, animal husbandry, fisheries and medicines), furnishing an annual return of scientific research activities to the prescribed authority by 30 April each year, and submitting an annual return and statement of accounts to the Commissioner of Income-tax annually. The approval is effective for two years from 26 May 1981 to 25 May 1983.
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