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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Education Institute Gains Approval for Scientific Research Funding Under Section 35(1)(iii) of Income-tax Act 1961</h1> The Model Institute of Education and Research in Jammu has been approved by the Department of Scientific and Industrial Research under section 35(1)(iii) of the Income-tax Act, 1961, effective from April 1, 1986, to March 31, 1988. The institution must maintain separate accounts for funds received for scientific research, submit annual returns of its research activities by April 30 each year, and provide audited annual accounts by June 30. Additionally, it must apply for approval extension from the Central Board of Direct Taxes three months before the current approval expires.
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