Research institution approval permits tax-recognition subject to separate research accounts, annual returns, audited accounts, and timely renewal. Approval is granted to the Man-Made Textiles Research Foundation, Bombay, as an Institution under section 35(1)(iii), subject to maintaining a separate account for research funds, furnishing annual research returns by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority, CBDT and the Commissioner by 30 June, and applying to CBDT at least three months before approval expiry for extension. The approval period is 1 January 1987 to 31 March 1988.
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 permits tax-recognition subject to separate research accounts, annual returns, audited accounts, and timely renewal.
Approval is granted to the Man-Made Textiles Research Foundation, Bombay, as an Institution under section 35(1)(iii), subject to maintaining a separate account for research funds, furnishing annual research returns by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority, CBDT and the Commissioner by 30 June, and applying to CBDT at least three months before approval expiry for extension. The approval period is 1 January 1987 to 31 March 1988.
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