Approval under section 35(1)(iii): research institution recognition granted subject to separate accounts, annual returns and audited submissions. Twenty First Century India Society, Chandigarh is approved as an Institution for research recognition under the Income-tax Act, subject to maintaining separate accounts for research receipts, furnishing annual returns of research activities by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority and tax offices by 30 June, and applying for extension of approval before its expiry. The approval is effective from 1 April 1988 to 31 March 1989.
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): research institution recognition granted subject to separate accounts, annual returns and audited submissions.
Twenty First Century India Society, Chandigarh is approved as an Institution for research recognition under the Income-tax Act, subject to maintaining separate accounts for research receipts, furnishing annual returns of research activities by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority and tax offices by 30 June, and applying for extension of approval before its expiry. The approval is effective from 1 April 1988 to 31 March 1989.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.