Research institution approval under section 35(1)(iii) requires separate research accounts, annual returns and audited accounts. Approval under section 35(1)(iii) is granted to the Indian Institute of Management, Bangalore for the period 9-10-1985 to 31-3-1987, subject to maintaining a separate account for research receipts, filing annual returns of scientific research activities by 30 April, submitting audited annual accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June, and applying to the tax board three months before expiry for extension.
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.
Research institution approval under section 35(1)(iii) requires separate research accounts, annual returns and audited accounts.
Approval under section 35(1)(iii) is granted to the Indian Institute of Management, Bangalore for the period 9-10-1985 to 31-3-1987, subject to maintaining a separate account for research receipts, filing annual returns of scientific research activities by 30 April, submitting audited annual accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June, and applying to the tax board three months before expiry for extension.
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