Approval under Section 35(1)(iii) requires separate research accounts and annual audited returns for eligible institutions. Approval is granted to Sangit Mahabharti under Section 35(1)(iii) as an institution in other natural and applied sciences, subject to conditions: maintain a separate account for research receipts; furnish annual returns of research activities to the prescribed authority by the stated annual deadline; submit audited annual accounts, income and expenditure statements, and a balance-sheet with assets and liabilities to the prescribed authority and the concerned Commissioner of Income-tax by the prescribed date.
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) requires separate research accounts and annual audited returns for eligible institutions.
Approval is granted to Sangit Mahabharti under Section 35(1)(iii) as an institution in other natural and applied sciences, subject to conditions: maintain a separate account for research receipts; furnish annual returns of research activities to the prescribed authority by the stated annual deadline; submit audited annual accounts, income and expenditure statements, and a balance-sheet with assets and liabilities to the prescribed authority and the concerned Commissioner of Income-tax by the prescribed date.
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