Research institution approval enables specified tax treatment subject to compliance, reporting obligations and renewal conditions. Approval of the National Labour Law Association as an Institution under clause (iii) of sub section (1) of section 35 grants tax treatment eligibility subject to conditions: maintain separate accounts for scientific research; furnish annual returns of research activities by 31st May; submit audited annual accounts, income and expenditure statements and balance sheet to the prescribed authority and specified tax offices by 30th June; and apply for renewal at least three months before approval expiry to the Central Board and DGIT, with late applications liable to rejection.
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.
Research institution approval enables specified tax treatment subject to compliance, reporting obligations and renewal conditions.
Approval of the National Labour Law Association as an Institution under clause (iii) of sub section (1) of section 35 grants tax treatment eligibility subject to conditions: maintain separate accounts for scientific research; furnish annual returns of research activities by 31st May; submit audited annual accounts, income and expenditure statements and balance sheet to the prescribed authority and specified tax offices by 30th June; and apply for renewal at least three months before approval expiry to the Central Board and DGIT, with late applications liable to rejection.
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