Approval under Section 35(1)(ii) tax provision requires institutions to maintain separate research accounts and file annual returns. Approval under section 35(1)(ii) was accorded to Raja Balwant Singh College, Agra, as an association in the natural and applied sciences, subject to maintaining a separate account for research receipts, filing annual research-activity returns to the prescribed authority by 30 April each year, and submitting audited annual accounts (income and expenditure and balance sheet) to the prescribed authority by 30 June each year with copies to the concerned Commissioner of Income-tax.
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) tax provision requires institutions to maintain separate research accounts and file annual returns.
Approval under section 35(1)(ii) was accorded to Raja Balwant Singh College, Agra, as an association in the natural and applied sciences, subject to maintaining a separate account for research receipts, filing annual research-activity returns to the prescribed authority by 30 April each year, and submitting audited annual accounts (income and expenditure and balance sheet) to the prescribed authority by 30 June each year with copies to the concerned Commissioner of Income-tax.
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