Approval under section 35(1)(ii) grants tax recognition to an institution, subject to accounting and annual reporting conditions. Approval is granted to the National Centre for Performing Arts, Bombay as an Association for natural and applied sciences research, excluding specified fields; conditioned on maintaining a separate account for eligible research receipts, furnishing annual research returns to the prescribed authority by 30 April, and submitting audited annual accounts and balance-sheets to the prescribed authority and the concerned tax commissioner by 30 June. The approval is effective for three years from 1 April 1981 to 31 March 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.
Approval under section 35(1)(ii) grants tax recognition to an institution, subject to accounting and annual reporting conditions.
Approval is granted to the National Centre for Performing Arts, Bombay as an Association for natural and applied sciences research, excluding specified fields; conditioned on maintaining a separate account for eligible research receipts, furnishing annual research returns to the prescribed authority by 30 April, and submitting audited annual accounts and balance-sheets to the prescribed authority and the concerned tax commissioner by 30 June. The approval is effective for three years from 1 April 1981 to 31 March 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 
