Approval under section 35(1)(ii): Scientific research institute status imposes accounting, annual reporting, and audit submission obligations. Approval as a Scientific Research Institute in medical research was granted to the Institute of Genetics Hospital for Genetic Diseases, Hyderabad subject to maintaining a separate account for research funds, submitting an annual return of scientific research activities and an annual audited statement of accounts to the prescribed council by 31st May each year, and sending a copy of the audited accounts to the concerned Income-tax Commissioner; the notification is effective for a three-year period.
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): Scientific research institute status imposes accounting, annual reporting, and audit submission obligations.
Approval as a Scientific Research Institute in medical research was granted to the Institute of Genetics Hospital for Genetic Diseases, Hyderabad subject to maintaining a separate account for research funds, submitting an annual return of scientific research activities and an annual audited statement of accounts to the prescribed council by 31st May each year, and sending a copy of the audited accounts to the concerned Income-tax Commissioner; the notification is effective for a three-year period.
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