Approval under section 35(1)(iii) requires separate research accounts, annual returns and audited account submissions before renewal. Approval is granted to Twenty First Century India Society, Chandigarh, as an approved institution for research tax purposes from 1-8-1986 to 31-3-1988, subject to maintaining separate research accounts, furnishing annual returns of scientific research activities by 30 April, submitting audited accounts and balance-sheet to the prescribed authority and Commissioner of Income-tax by 30 June, and applying for extension to the Central Board of Direct Taxes at least three months before 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 separate research accounts, annual returns and audited account submissions before renewal.
Approval is granted to Twenty First Century India Society, Chandigarh, as an approved institution for research tax purposes from 1-8-1986 to 31-3-1988, subject to maintaining separate research accounts, furnishing annual returns of scientific research activities by 30 April, submitting audited accounts and balance-sheet to the prescribed authority and Commissioner of Income-tax by 30 June, and applying for extension to the Central Board of Direct Taxes at least three months before expiry.
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