Approved Institution Indian National Theatre, Bombay u/s 35(1)(iii) - S.O.4459 - Income Tax

Research institution approval under section 35(1)(iii) requires separate accounts and annual audited returns to authority.

The Indian National Theatre, Bombay is approved as an Institution under clause (iii) of sub-section (1) of section 35 for research; it must maintain separate accounts for research receipts, file annual returns of scientific research activities to the prescribed authority by 30 April, and submit audited annual accounts and balance-sheet to the prescribed authority and the concerned Commissioner of Income-tax by 30 June each year. The approval is effective from 1 April 1983 to 31 March 1986.