Research institution approval under section 35(1)(ii) requires separate accounts and annual returns for tax recognition. Approval under section 35(1)(ii) is granted to Systems Research Institute, Pune as an 'Association' in natural and applied sciences, on condition that it keeps a separate account for research funds excluding agriculture/animal husbandry/fisheries/medicines, furnishes annual research activity returns to the prescribed authority by 30 April in prescribed forms, and files the annual return and statement of accounts with the concerned Commissioner of Income tax yearly; the approval is effective from 1 4 1981 to 31 3 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.
Research institution approval under section 35(1)(ii) requires separate accounts and annual returns for tax recognition.
Approval under section 35(1)(ii) is granted to Systems Research Institute, Pune as an "Association" in natural and applied sciences, on condition that it keeps a separate account for research funds excluding agriculture/animal husbandry/fisheries/medicines, furnishes annual research activity returns to the prescribed authority by 30 April in prescribed forms, and files the annual return and statement of accounts with the concerned Commissioner of Income tax yearly; the approval is effective from 1 4 1981 to 31 3 1984.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
