Research institution approval requires separate research accounts and annual audited returns to the prescribed authority and tax commissioner. Approval is granted to the Administrative Staff College of India, Hyderabad, as an Institution under clause (iii) of sub section (1) of section 35, subject to conditions: maintain a separate account for scientific research receipts; furnish annual returns of research activities to the prescribed authority by 30 April in prescribed forms; 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 notification specifies the effective period and administrative reference.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval requires separate research accounts and annual audited returns to the prescribed authority and tax commissioner.
Approval is granted to the Administrative Staff College of India, Hyderabad, as an Institution under clause (iii) of sub section (1) of section 35, subject to conditions: maintain a separate account for scientific research receipts; furnish annual returns of research activities to the prescribed authority by 30 April in prescribed forms; 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 notification specifies the effective period and administrative reference.
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