Approval under section 35(1)(iii) requires distinct research accounts, annual returns, audited accounts and timely renewal applications. Approval is granted to the Centre for Research, Planning & Action under section 35(1)(iii) read with rule 6, subject to maintaining a separate account for research funds, furnishing annual research returns by 30 April, submitting audited accounts and balance-sheet to the prescribed authority and Commissioner by 30 June, and applying to the Central Board of Direct Taxes for extension three months before expiry. The approval is effective from 1 April 1986 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(1)(iii) requires distinct research accounts, annual returns, audited accounts and timely renewal applications.
Approval is granted to the Centre for Research, Planning & Action under section 35(1)(iii) read with rule 6, subject to maintaining a separate account for research funds, furnishing annual research returns by 30 April, submitting audited accounts and balance-sheet to the prescribed authority and Commissioner by 30 June, and applying to the Central Board of Direct Taxes for extension three months before expiry. The approval is effective from 1 April 1986 to 31 March 1988.
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