Approval under section 35(1)(iii) conditions tax recognition on separate research accounts and prescribed annual reporting obligations. Approval under section 35(1)(iii) recognises the Statistical Publishing Society, Calcutta as an approved institution for research-related tax purposes, conditional on maintaining a separate account for scientific research receipts, filing annual scientific research returns to the prescribed authority by 30 April, and submitting audited annual accounts, income and expenditure statements and a balance-sheet to the prescribed authority and the Commissioner of Income-tax by 30 June; renewal requires application to the central tax board three months before 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 tax recognition on separate research accounts and prescribed annual reporting obligations.
Approval under section 35(1)(iii) recognises the Statistical Publishing Society, Calcutta as an approved institution for research-related tax purposes, conditional on maintaining a separate account for scientific research receipts, filing annual scientific research returns to the prescribed authority by 30 April, and submitting audited annual accounts, income and expenditure statements and a balance-sheet to the prescribed authority and the Commissioner of Income-tax by 30 June; renewal requires application to the central tax board three months before expiry.
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