Approved institution status under tax law requires separate research accounts, annual reporting, audited accounts, and renewal application. Gulbarga University is approved as an approved institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act as a 'University', subject to maintenance of separate accounts for scientific research, annual returns of research activities by 30 April, submission of audited annual accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June, and advance application for extension to the Central Board of Direct Taxes at least three months before expiry; approval effective 10-9-1985 to 31-3-1987.
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.
Approved institution status under tax law requires separate research accounts, annual reporting, audited accounts, and renewal application.
Gulbarga University is approved as an approved institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act as a "University", subject to maintenance of separate accounts for scientific research, annual returns of research activities by 30 April, submission of audited annual accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June, and advance application for extension to the Central Board of Direct Taxes at least three months before expiry; approval effective 10-9-1985 to 31-3-1987.
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