Research institution approval under section 35 requires separate research accounts, annual returns, and audited accounts to tax authorities. Matunga Education Research Society, Bombay is approved under clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961, subject to maintaining a separate account for research receipts, furnishing annual research returns to the prescribed authority by 30 April, and submitting audited annual accounts to the prescribed authority by 30 June with copies to the Commissioner of Income tax; the approval is effective from 11 May 1984 to 31 March 1986.
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 requires separate research accounts, annual returns, and audited accounts to tax authorities.
Matunga Education Research Society, Bombay is approved under clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961, subject to maintaining a separate account for research receipts, furnishing annual research returns to the prescribed authority by 30 April, and submitting audited annual accounts to the prescribed authority by 30 June with copies to the Commissioner of Income tax; the approval is effective from 11 May 1984 to 31 March 1986.
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