Research institution approval under Section 35(1)(ii) imposes separate research accounting and strict annual reporting and audit obligations. Approval is granted to Birla Archaeological & Cultural Research Institute as an institution eligible under Section 35(1)(ii) for research-related tax recognition in other natural and applied sciences, subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the prescribed authority in specified forms and by specified dates, and submitting audited annual accounts, an income and expenditure statement, and a balance sheet with copies to the concerned tax commissioner.
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) imposes separate research accounting and strict annual reporting and audit obligations.
Approval is granted to Birla Archaeological & Cultural Research Institute as an institution eligible under Section 35(1)(ii) for research-related tax recognition in other natural and applied sciences, subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the prescribed authority in specified forms and by specified dates, and submitting audited annual accounts, an income and expenditure statement, and a balance sheet with copies to the concerned tax commissioner.
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