Approval under section 35(1)(iii): institution must keep separate research accounts and file annual audited returns. Approval granted to Shankara Vidya Kendra as an Institution for research-expenditure deduction is effective from 1st April, 1988 to 31st March, 1989 and is conditional on maintaining separate research accounts, furnishing annual research returns by 31st May, submitting audited accounts and financial statements with copies to tax authorities by 30th June each year, and applying for extension of approval to the Central Board of Direct Taxes and DGIT (Exemption) before expiry.
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): institution must keep separate research accounts and file annual audited returns.
Approval granted to Shankara Vidya Kendra as an Institution for research-expenditure deduction is effective from 1st April, 1988 to 31st March, 1989 and is conditional on maintaining separate research accounts, furnishing annual research returns by 31st May, submitting audited accounts and financial statements with copies to tax authorities by 30th June each year, and applying for extension of approval to the Central Board of Direct Taxes and DGIT (Exemption) before expiry.
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