Approval under section 35(1)(ii) requires separate research accounts and annual returns plus submission of accounts to tax authorities. The Jayramdas Patel Scientific Research Foundation, Bombay, is approved as an 'association' for research in other natural and applied sciences (excluding agriculture, animal husbandry, fisheries and medicines). Conditions require the Foundation to maintain a separate account for research receipts, furnish an annual return of research activities to the prescribed authority by 30 April each year, and submit that return and the statement of accounts to the Commissioner of Income-tax annually. The approval is time-limited to a three-year operative period beginning in July 1981.
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 plus submission of accounts to tax authorities.
The Jayramdas Patel Scientific Research Foundation, Bombay, is approved as an "association" for research in other natural and applied sciences (excluding agriculture, animal husbandry, fisheries and medicines). Conditions require the Foundation to maintain a separate account for research receipts, furnish an annual return of research activities to the prescribed authority by 30 April each year, and submit that return and the statement of accounts to the Commissioner of Income-tax annually. The approval is time-limited to a three-year operative period beginning in July 1981.
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