Approval under section 35(1)(ii) confirms research recognition subject to separate accounts, annual returns and audited filings. Approval is granted to All India Heart Foundation, New Delhi, as an Association for research expenditure recognition under the relevant tax provision, subject to: maintaining a separate account for scientific research receipts; furnishing annual research activity returns to the prescribed authority by 30th April each year in prescribed forms; and submitting audited annual accounts, including income and expenditure and a balance-sheet, to the prescribed authority and the concerned Commissioner of Income-tax by 30th June each year.
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) confirms research recognition subject to separate accounts, annual returns and audited filings.
Approval is granted to All India Heart Foundation, New Delhi, as an Association for research expenditure recognition under the relevant tax provision, subject to: maintaining a separate account for scientific research receipts; furnishing annual research activity returns to the prescribed authority by 30th April each year in prescribed forms; and submitting audited annual accounts, including income and expenditure and a balance-sheet, to the prescribed authority and the concerned Commissioner of Income-tax by 30th June each year.
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