Section 35(1)(ii) approval for research institution requires separate accounts and annual audited reporting for tax recognition. Approval under section 35(1)(ii) granted to the National Institute of Rural Development, Hyderabad as an association in natural and applied sciences, subject to maintaining separate accounts for scientific research receipts, furnishing annual returns of research activities to the prescribed authority by 30th April each year, and submitting audited annual accounts and balance-sheet with copies to the Commissioner of Income-tax by 30th June each year; approval effective for three years from 13-2-1983 to 12-2-1986.
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.
Section 35(1)(ii) approval for research institution requires separate accounts and annual audited reporting for tax recognition.
Approval under section 35(1)(ii) granted to the National Institute of Rural Development, Hyderabad as an association in natural and applied sciences, subject to maintaining separate accounts for scientific research receipts, furnishing annual returns of research activities to the prescribed authority by 30th April each year, and submitting audited annual accounts and balance-sheet with copies to the Commissioner of Income-tax by 30th June each year; approval effective for three years from 13-2-1983 to 12-2-1986.
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