Research institution approval under section 35(1)(ii) imposes conditions on accounting, annual returns and audited accounts. K. M. Scientific Research Centre, Faizabad is recognised as an approved association for research purposes under the statutory research-recognition framework. The approval is subject to conditions: maintenance of separate accounts for research receipts, annual submission of research-activity returns to the prescribed authority in prescribed forms, and annual submission of audited accounts showing income, expenditure, assets and liabilities to the prescribed authority and to the tax commissioner.
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.
Research institution approval under section 35(1)(ii) imposes conditions on accounting, annual returns and audited accounts.
K. M. Scientific Research Centre, Faizabad is recognised as an approved association for research purposes under the statutory research-recognition framework. The approval is subject to conditions: maintenance of separate accounts for research receipts, annual submission of research-activity returns to the prescribed authority in prescribed forms, and annual submission of audited accounts showing income, expenditure, assets and liabilities to the prescribed authority and to the tax commissioner.
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