Research institution approval under section 35 requires annual audited accounts and prescribed renewal procedures for tax exemption. Sur Smarak Mandal, Agra, is approved as an Institution under clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to conditions: maintain separate research accounts; file annual research returns to the Secretary, Department of Scientific and Industrial Research by 31 May; submit audited annual accounts to specified authorities by 30 June; and apply in triplicate through the local tax authority for extension three months before expiry while supplying six copies to the Secretary. Approval is effective for the stated financial period.
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 section 35 requires annual audited accounts and prescribed renewal procedures for tax exemption.
Sur Smarak Mandal, Agra, is approved as an Institution under clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to conditions: maintain separate research accounts; file annual research returns to the Secretary, Department of Scientific and Industrial Research by 31 May; submit audited annual accounts to specified authorities by 30 June; and apply in triplicate through the local tax authority for extension three months before expiry while supplying six copies to the Secretary. Approval is effective for the stated financial period.
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