Approved research institution status confers tax-related recognition subject to separate accounting and annual reporting requirements. Approval is granted to Jain Foundation for Scientific Research and Development, New Delhi as an Association for natural and applied sciences (excluding Agriculture/Animal Husbandry/Fisheries and medicines) under clause (ii) of sub-section (1) of section 35 of the Income-tax Act. Conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30th April each year; and submit annual returns and statement of accounts to the Commissioner of Income-tax. Approval effective 26-12-1981 to 25-12-1983.
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.
Approved research institution status confers tax-related recognition subject to separate accounting and annual reporting requirements.
Approval is granted to Jain Foundation for Scientific Research and Development, New Delhi as an Association for natural and applied sciences (excluding Agriculture/Animal Husbandry/Fisheries and medicines) under clause (ii) of sub-section (1) of section 35 of the Income-tax Act. Conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30th April each year; and submit annual returns and statement of accounts to the Commissioner of Income-tax. Approval effective 26-12-1981 to 25-12-1983.
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