Approval under section 35(1)(iii) enables institutional research deduction subject to separate accounts, annual returns and audited filings. Approval is granted to the Gandhian Institute of Studies under section 35(1)(iii) of the Income-tax Act subject to conditions: maintain separate accounts for scientific research; furnish annual research returns to the prescribed authority by 31 May; submit audited annual accounts and balance-sheet to the prescribed authority by 30 June with copies to central tax offices and the concerned Commissioner; and apply for extension before expiry. The approval applies 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) enables institutional research deduction subject to separate accounts, annual returns and audited filings.
Approval is granted to the Gandhian Institute of Studies under section 35(1)(iii) of the Income-tax Act subject to conditions: maintain separate accounts for scientific research; furnish annual research returns to the prescribed authority by 31 May; submit audited annual accounts and balance-sheet to the prescribed authority by 30 June with copies to central tax offices and the concerned Commissioner; and apply for extension before expiry. The approval applies from 1 April 1988 to 31 March 1989.
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