Research institution approval under section 35(1)(ii) imposes obligations for separate accounts, annual returns, and audited accounts. Approval of Sanjeevan Medical Foundation, Miraj as an approved institution under section 35(1)(ii) in the category 'Association' for other natural and applied sciences, effective 3-9-82 to 31-12-1983, subject to conditions: maintain separate accounts for scientific research; furnish annual returns of research activities to the prescribed authority by 30 April each year in specified forms; and submit audited annual accounts 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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Provisions expressly mentioned in the judgment/order text.
Research institution approval under section 35(1)(ii) imposes obligations for separate accounts, annual returns, and audited accounts.
Approval of Sanjeevan Medical Foundation, Miraj as an approved institution under section 35(1)(ii) in the category "Association" for other natural and applied sciences, effective 3-9-82 to 31-12-1983, subject to conditions: maintain separate accounts for scientific research; furnish annual returns of research activities to the prescribed authority by 30 April each year in specified forms; and submit audited annual accounts 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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