Approval under section 35(1)(iii) tax law granted to a research institution subject to reporting and account conditions. Approval granted to Birla Economic Research Foundation, Calcutta, as an Institution for purposes of the tax provision permitting research deductions, effective 11 11 87 to 31 3 88, subject to conditions: maintain separate accounts for scientific research; furnish annual scientific research returns by 31 May; submit audited accounts, income and expenditure statement and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the concerned Commissioner; apply for extension at least three months before 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.
Approval under section 35(1)(iii) tax law granted to a research institution subject to reporting and account conditions.
Approval granted to Birla Economic Research Foundation, Calcutta, as an Institution for purposes of the tax provision permitting research deductions, effective 11 11 87 to 31 3 88, subject to conditions: maintain separate accounts for scientific research; furnish annual scientific research returns by 31 May; submit audited accounts, income and expenditure statement and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the concerned Commissioner; apply for extension at least three months before expiry.
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