Research institution approval under income-tax law requires separate research accounts and timely annual filings for compliance. Approval to the Centre for Applied Systems Analysis in Development, Bombay is granted under section 35(1)(iii) of the Income-tax Act for the period 1 April 1988 to 31 March 1989, subject to maintaining separate research accounts, furnishing annual scientific research returns by 31 May, submitting audited accounts and balance-sheet to the prescribed authority by 30 June with copies to tax authorities, and applying for renewal before the approval expires.
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 under income-tax law requires separate research accounts and timely annual filings for compliance.
Approval to the Centre for Applied Systems Analysis in Development, Bombay is granted under section 35(1)(iii) of the Income-tax Act for the period 1 April 1988 to 31 March 1989, subject to maintaining separate research accounts, furnishing annual scientific research returns by 31 May, submitting audited accounts and balance-sheet to the prescribed authority by 30 June with copies to tax authorities, and applying for renewal before the approval expires.
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