Research institution approval under section 35(1)(iii) conditioned on separate accounts, annual returns, audited accounts, and timely renewal. Approval is granted to the Spastics Society of Eastern India as an institution for tax treatment of scientific research, effective 1 April 1987 to 31 March 1988, subject to conditions: maintain separate research accounts; file annual research activity returns by 31 May; submit audited accounts and balance sheet showing income, expenditure, assets and liabilities to the prescribed authority, tax board and income-tax commissioner by 30 June; and apply for extension to the tax board three months before approval 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.
Research institution approval under section 35(1)(iii) conditioned on separate accounts, annual returns, audited accounts, and timely renewal.
Approval is granted to the Spastics Society of Eastern India as an institution for tax treatment of scientific research, effective 1 April 1987 to 31 March 1988, subject to conditions: maintain separate research accounts; file annual research activity returns by 31 May; submit audited accounts and balance sheet showing income, expenditure, assets and liabilities to the prescribed authority, tax board and income-tax commissioner by 30 June; and apply for extension to the tax board three months before approval expiry.
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