Research institution approval under section 35(1)(iii) requires separate accounts and annual reporting to maintain tax benefits. Approval is granted to the Institute of Company Secretaries as an institution for purposes of the income tax provision relating to scientific research for the period 1 April 1989 to 31 March 1990, subject to conditions: maintain separate research accounts; furnish annual research returns to the 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 tax jurisdiction for extension three months before expiry while sending six copies to the Department for renewal.
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(1)(iii) requires separate accounts and annual reporting to maintain tax benefits.
Approval is granted to the Institute of Company Secretaries as an institution for purposes of the income tax provision relating to scientific research for the period 1 April 1989 to 31 March 1990, subject to conditions: maintain separate research accounts; furnish annual research returns to the 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 tax jurisdiction for extension three months before expiry while sending six copies to the Department for renewal.
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