Approval under section 35 recognises university eligibility for research-related tax benefits, subject to reporting and audit compliance. Approval under section 35(1)(iii) recognises Mangalore University as a University eligible for research-related tax provisions, subject to conditions: maintain separate research accounts; furnish annual research activity returns by 30 April; submit audited annual accounts and balance-sheet by 30 June to the prescribed authority and Commissioner of Income-tax; and apply three months before approval expiry for renewal. The approval is effective from 22 July 1985 to 31 March 1988.
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 recognises university eligibility for research-related tax benefits, subject to reporting and audit compliance.
Approval under section 35(1)(iii) recognises Mangalore University as a University eligible for research-related tax provisions, subject to conditions: maintain separate research accounts; furnish annual research activity returns by 30 April; submit audited annual accounts and balance-sheet by 30 June to the prescribed authority and Commissioner of Income-tax; and apply three months before approval expiry for renewal. The approval is effective from 22 July 1985 to 31 March 1988.
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