Approval under section 35(1)(iii) requires institutional accounting, annual research returns, audited accounts, and timely renewal. Approval is granted to the Social Policy Research Institute, Jaipur, under the Income-tax Act provision for institutions engaged in scientific research, subject to conditions: maintain separate accounts for research sums; furnish annual returns of research activities to the prescribed authority by 30 April; submit audited annual accounts, income and expenditure statements and a balance-sheet to the prescribed authority and the Commissioner of Income-tax by 30 June; and apply for renewal three months before approval 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) requires institutional accounting, annual research returns, audited accounts, and timely renewal.
Approval is granted to the Social Policy Research Institute, Jaipur, under the Income-tax Act provision for institutions engaged in scientific research, subject to conditions: maintain separate accounts for research sums; furnish annual returns of research activities to the prescribed authority by 30 April; submit audited annual accounts, income and expenditure statements and a balance-sheet to the prescribed authority and the Commissioner of Income-tax by 30 June; and apply for renewal three months before approval expiry.
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