Research approval under section 35(1)(iii) requires separate research accounts, annual audited returns, and timely renewal application. Approval is granted to Sri Aurobindo International Institute of Educational Research, Tamil Nadu, as an approved institution for scientific research under the Income-tax Act, subject to conditions: maintain a separate account for research receipts; furnish annual returns of research activities by 31st May; submit audited annual accounts and balance-sheet to the prescribed authority and tax offices by 30th June; and apply for extension to the Central Board of Direct Taxes and DGIT (Exemption) before approval expiry. The approval period is 1st April, 1988 to 31st March, 1989.
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Research approval under section 35(1)(iii) requires separate research accounts, annual audited returns, and timely renewal application.
Approval is granted to Sri Aurobindo International Institute of Educational Research, Tamil Nadu, as an approved institution for scientific research under the Income-tax Act, subject to conditions: maintain a separate account for research receipts; furnish annual returns of research activities by 31st May; submit audited annual accounts and balance-sheet to the prescribed authority and tax offices by 30th June; and apply for extension to the Central Board of Direct Taxes and DGIT (Exemption) before approval expiry. The approval period is 1st April, 1988 to 31st March, 1989.
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