Research institution approval under section 35(1)(iii) requires separate research accounts, annual returns, audited accounts and timely renewal application. Approval under section 35(1)(iii) recognises Third World Development Centre as an eligible institution for research-related tax purposes subject to conditions: maintain separate research accounts; file annual research activity returns by 31 May; submit audited accounts, income and expenditure statements and balance-sheet to the prescribed authority, the tax board and the Commissioner by 30 June; and apply for extension at least three months before approval expiry, with late applications liable to rejection.
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.
Research institution approval under section 35(1)(iii) requires separate research accounts, annual returns, audited accounts and timely renewal application.
Approval under section 35(1)(iii) recognises Third World Development Centre as an eligible institution for research-related tax purposes subject to conditions: maintain separate research accounts; file annual research activity returns by 31 May; submit audited accounts, income and expenditure statements and balance-sheet to the prescribed authority, the tax board and the Commissioner by 30 June; and apply for extension at least three months before approval expiry, with late applications liable to rejection.
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