Approval under section 35(1)(iii): institution recognised for research, subject to separate accounts, annual returns and audited submissions. Approval under section 35(1)(iii) recognises the Model Institute of Education and Research, Jammu as an Institution for research-related income-tax purposes, conditional on maintaining separate accounts for research receipts, furnishing annual research activity returns by 30 April, and submitting audited annual accounts with income and expenditure and a balance-sheet to the prescribed authority by 30 June with copies to the concerned Commissioner; approval is time-limited and requires timely application for extension.
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): institution recognised for research, subject to separate accounts, annual returns and audited submissions.
Approval under section 35(1)(iii) recognises the Model Institute of Education and Research, Jammu as an Institution for research-related income-tax purposes, conditional on maintaining separate accounts for research receipts, furnishing annual research activity returns by 30 April, and submitting audited annual accounts with income and expenditure and a balance-sheet to the prescribed authority by 30 June with copies to the concerned Commissioner; approval is time-limited and requires timely application for extension.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
