Approval under section 35(1)(iii) for research institutions requires separate accounts, annual returns, and audited filings. Approval is granted to Bhogilal Leherchand Institute of Indology, Patan as an institution for research-related tax purposes, subject to maintaining a separate account for sums received for scientific research, furnishing annual returns of research activities to the prescribed authority by 30 April each year, and submitting audited annual accounts and a balance-sheet to the prescribed authority and the concerned Commissioner of Income-tax by 30 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)(iii) for research institutions requires separate accounts, annual returns, and audited filings.
Approval is granted to Bhogilal Leherchand Institute of Indology, Patan as an institution for research-related tax purposes, subject to maintaining a separate account for sums received for scientific research, furnishing annual returns of research activities to the prescribed authority by 30 April each year, and submitting audited annual accounts and a balance-sheet to the prescribed authority and the concerned Commissioner of Income-tax by 30 June each year.
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