Approval under section 35(1)(iii) mandates separate research accounts, annual research returns and audited accounts submission. Approval is granted to The Institute of Company Secretaries of India as an institution under clause (iii) of sub section (1) of section 35 of the Income tax Act, subject to maintaining separate research accounts, furnishing an annual research activities return to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the specified authorities by 30th June each year; the notification also outlines the period of effectiveness and the procedure for applying for extension of approval.
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) mandates separate research accounts, annual research returns and audited accounts submission.
Approval is granted to The Institute of Company Secretaries of India as an institution under clause (iii) of sub section (1) of section 35 of the Income tax Act, subject to maintaining separate research accounts, furnishing an annual research activities return to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the specified authorities by 30th June each year; the notification also outlines the period of effectiveness and the procedure for applying for extension of approval.
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