Under section 35 of the Income-tax Act, 1961

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..... w, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income tax Rules, 1962 under the category "Institution" subject to the following conditions:- i) The notified Institution shall maintain separate books of accounts for its research activities; ii) The notified Institution shall furnish the Annual Return of its scientific rese .....

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..... ection 35 of Income tax Act, 1961 in addition to the return of income tax to the designated assessing officer. Notes: The notified Institution is advised to apply in triplicates as well in advance for renewal of the approval, to the Central Government through the Commissioner of Income tax/Director of Income tax (Exemptions) having jurisdiction. Three copies of the application for renewal of a .....

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