Research institution approval requires separate research accounts and annual audited returns to tax authorities by specified deadlines. Vivekananda Nidhi, Calcutta, is approved as an institution under section 35(1)(iii) for the period specified, subject to conditions: maintain a separate account for sums received for scientific research; furnish annual returns of scientific research activities to the prescribed authority by 30 April; and submit audited annual accounts and balance-sheet, with copies to the concerned Commissioner of Income-tax, by 30 June each year.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval requires separate research accounts and annual audited returns to tax authorities by specified deadlines.
Vivekananda Nidhi, Calcutta, is approved as an institution under section 35(1)(iii) for the period specified, subject to conditions: maintain a separate account for sums received for scientific research; furnish annual returns of scientific research activities to the prescribed authority by 30 April; and submit audited annual accounts and balance-sheet, with copies to the concerned Commissioner of Income-tax, by 30 June each year.
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