Approval under section 35(1)(iii) imposes separate accounts, annual returns, audited submissions and timely renewal application. Approval under section 35(1)(iii) is granted to Jain Vishva Bharati, Rajasthan, effective 1 April 1987 to 31 March 1989, subject to conditions: maintain separate research accounts; furnish annual returns of scientific research activities by 31 May each year; submit audited annual accounts, income and expenditure statements and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the concerned Commissioner of Income-tax; and apply to the Central Board of Direct Taxes at least three months before expiry for extension of approval.
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) imposes separate accounts, annual returns, audited submissions and timely renewal application.
Approval under section 35(1)(iii) is granted to Jain Vishva Bharati, Rajasthan, effective 1 April 1987 to 31 March 1989, subject to conditions: maintain separate research accounts; furnish annual returns of scientific research activities by 31 May each year; submit audited annual accounts, income and expenditure statements and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the concerned Commissioner of Income-tax; and apply to the Central Board of Direct Taxes at least three months before expiry for extension of approval.
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