Approval under Section 35 recognition grants conditional tax related eligibility subject to accounting and annual reporting obligations. Approval under Section 35(1)(ii) is granted to Star Research Centre, Bombay, as an association in other natural and applied sciences, conditioned on maintaining a separate account for non agricultural research receipts, furnishing annual returns of scientific research activities to the prescribed authority in prescribed form by the notified date, and submitting the annual return and statement of accounts to the concerned Commissioner of Income tax; the approval is effective for a prescribed time period and subject to oversight by the prescribed authority.
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 recognition grants conditional tax related eligibility subject to accounting and annual reporting obligations.
Approval under Section 35(1)(ii) is granted to Star Research Centre, Bombay, as an association in other natural and applied sciences, conditioned on maintaining a separate account for non agricultural research receipts, furnishing annual returns of scientific research activities to the prescribed authority in prescribed form by the notified date, and submitting the annual return and statement of accounts to the concerned Commissioner of Income tax; the approval is effective for a prescribed time period and subject to oversight by the prescribed authority.
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