Approval under section 35(1)(iii) conditions research recognition on separate accounts, annual returns, audited accounts and timely renewal. Approval under section 35(1)(iii) was granted to Krishnamurti Foundation India for research recognition, conditional on maintaining a separate account for research receipts, furnishing annual returns of scientific research activities by 30 April each year, and submitting audited annual accounts and balance-sheet to the prescribed authority and the concerned Commissioner of Income-tax by 30 June each year; renewal applications must be filed at least three months before approval expiry.
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.
Approval under section 35(1)(iii) conditions research recognition on separate accounts, annual returns, audited accounts and timely renewal.
Approval under section 35(1)(iii) was granted to Krishnamurti Foundation India for research recognition, conditional on maintaining a separate account for research receipts, furnishing annual returns of scientific research activities by 30 April each year, and submitting audited annual accounts and balance-sheet to the prescribed authority and the concerned Commissioner of Income-tax by 30 June each year; renewal applications must be filed at least three months before approval expiry.
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