Approval under section 35(1)(iii): institute must maintain separate research accounts and submit annual returns and audited accounts. Approval under section 35(1)(iii) is granted to T.A. Pai Management Institute, Manipal, subject to maintaining a separate account for research receipts; filing annual returns of scientific research activities by 30 April; submitting audited annual accounts, income and expenditure statements and balance sheet to the prescribed authority and the Commissioner by 30 June; and applying to the Central Board of Direct Taxes for extension at least three months before approval expiry. The approval period runs from 24 May 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(1)(iii): institute must maintain separate research accounts and submit annual returns and audited accounts.
Approval under section 35(1)(iii) is granted to T.A. Pai Management Institute, Manipal, subject to maintaining a separate account for research receipts; filing annual returns of scientific research activities by 30 April; submitting audited annual accounts, income and expenditure statements and balance sheet to the prescribed authority and the Commissioner by 30 June; and applying to the Central Board of Direct Taxes for extension at least three months before approval expiry. The approval period runs from 24 May 1985 to 31 March 1988.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
