Tax approval under section 35(1)(ii) requires approved institutions to maintain research accounts and file annual audited returns. Approval under section 35(1)(ii) was conferred on The Nutrition Foundation of India as an approved institution in the category 'Association' for natural and applied sciences, conditional on maintaining separate research accounts, furnishing annual research returns to the prescribed authority by 30th April, and submitting audited annual accounts and balance-sheet to the prescribed authority and the concerned Commissioner of Income-tax by 30th June.
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.
Tax approval under section 35(1)(ii) requires approved institutions to maintain research accounts and file annual audited returns.
Approval under section 35(1)(ii) was conferred on The Nutrition Foundation of India as an approved institution in the category "Association" for natural and applied sciences, conditional on maintaining separate research accounts, furnishing annual research returns to the prescribed authority by 30th April, and submitting audited annual accounts and balance-sheet to the prescribed authority and the concerned Commissioner of Income-tax by 30th June.
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