Rule 5C - Guidelines, Form and manner in respect of approval under clause (ii) and clause (iii) of sub-section (1) of section 35

Approval under Section 35: electronic filing, deficiency cure and Central Government verification govern institutional research approval timelines.

Applications for approval under clause (ii) and clause (iii) of sub section (1) of section 35 must be made in Form No. 3CF to the Commissioner or Director of Income tax during the financial year immediately preceding the assessment year; Form No. 3CF is to be furnished electronically and verified as prescribed. Defects must be notified within one month and cured within fifteen to thirty days, otherwise the Commissioner/Director will recommend invalidation. Where complete, the Commissioner/Director may enquire and forward recommendations within three months; Central Government may seek further information, grant or reject approval, or withdraw approval after hearing.