Approval under section 35(1)(iii) requires institutions to maintain research accounts and file annual audited returns. Approval of the Institute of Company Secretaries, New Delhi as an Institution under clause (iii) of section 35, Income-tax Act, is conditional on maintaining a separate account for scientific research, furnishing annual research returns to the prescribed authority by 31 May, submitting audited accounts and balance-sheet to the prescribed authority and tax authorities by 30 June, and applying for extension of approval before expiry; late applications may be rejected. The approval period is 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) requires institutions to maintain research accounts and file annual audited returns.
Approval of the Institute of Company Secretaries, New Delhi as an Institution under clause (iii) of section 35, Income-tax Act, is conditional on maintaining a separate account for scientific research, furnishing annual research returns to the prescribed authority by 31 May, submitting audited accounts and balance-sheet to the prescribed authority and tax authorities by 30 June, and applying for extension of approval before expiry; late applications may be rejected. The approval period is 1 April 1988 to 31 March 1989.
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