Approval under section 35(1)(ii): research association granted tax approval subject to separate accounts and annual filings. Approval under the Income-tax Act was granted to FIE Research Institute, Ichalkaranji, as an approved institution under clause (ii) of sub section (1) of section 35 in the category 'Association' for other natural and applied sciences, subject to maintenance of separate research accounts, annual returns to the prescribed authority by 30th April, and submission by 30th June of audited annual accounts and balance-sheet with copies to the 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): research association granted tax approval subject to separate accounts and annual filings.
Approval under the Income-tax Act was granted to FIE Research Institute, Ichalkaranji, as an approved institution under clause (ii) of sub section (1) of section 35 in the category "Association" for other natural and applied sciences, subject to maintenance of separate research accounts, annual returns to the prescribed authority by 30th April, and submission by 30th June of audited annual accounts and balance-sheet with copies to the Commissioner of Income-tax.
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