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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>National Institute of Urban Affairs gains approval under Section 35(1)(iii) for scientific research; must comply with conditions.</h1> The National Institute of Urban Affairs in New Delhi has been approved under section 35(1)(iii) of the Income-tax Act, 1961, for scientific research purposes by the Department of Scientific and Industrial Research. The approval is subject to conditions including maintaining separate accounts for research funds, submitting annual research activity returns by May 31, and providing audited financial documents by June 30 each year to the prescribed authority and relevant tax bodies. The institution must apply for approval extension three months before expiry. This notification is valid from December 27, 1985, to March 31, 1988.
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