Approval under section 35(1)(iii) requires separate research accounts, annual returns and audited accounts to be filed. Approval is granted to the National Institute of Urban Affairs as an Institution for research-related tax purposes, on condition that it maintain separate accounts for research funds, file prescribed annual returns of scientific research activities by 31 May each year, submit audited annual accounts and balance sheet to the prescribed authority, central tax board and the concerned income-tax commissioner by 30 June each year, and apply for renewal at least 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.
Approval under section 35(1)(iii) requires separate research accounts, annual returns and audited accounts to be filed.
Approval is granted to the National Institute of Urban Affairs as an Institution for research-related tax purposes, on condition that it maintain separate accounts for research funds, file prescribed annual returns of scientific research activities by 31 May each year, submit audited annual accounts and balance sheet to the prescribed authority, central tax board and the concerned income-tax commissioner by 30 June each year, and apply for renewal at least three months before approval expiry.
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