Research institution approval confers tax recognition; requires separate accounts, annual returns and audited accounts submission. Approval of the Centre for Social Research, New Delhi, as an Institution under section 35(1)(iii) confers recognition for tax treatment of scientific research contributions, subject to conditions: maintain separate accounts for research receipts; furnish annual returns of research activities to the prescribed authority by 30th April each year; and submit audited annual accounts with income, expenditure and balance-sheet to the prescribed authority by 30th June each year with copies to the Commissioner of Income-tax.
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 confers tax recognition; requires separate accounts, annual returns and audited accounts submission.
Approval of the Centre for Social Research, New Delhi, as an Institution under section 35(1)(iii) confers recognition for tax treatment of scientific research contributions, subject to conditions: maintain separate accounts for research receipts; furnish annual returns of research activities to the prescribed authority by 30th April each year; and submit audited annual accounts with income, expenditure and balance-sheet to the prescribed authority by 30th June each year with copies to the Commissioner of Income-tax.
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