Approval under section 35(1)(iii): institution must maintain separate research accounts and file audited annual returns. Approval confers recognition of Indira Gandhi National Centre for the Arts as an Institution under clause (iii) of sub-section (1) of section 35, subject to conditions: maintain a separate account for scientific research receipts; furnish annual returns of scientific research activities by 31st May; and submit audited annual accounts showing income, expenditure, assets and liabilities to specified authorities by 30th June. The approval is time-bound and requires timely application for extension through the jurisdictional tax officer, with special procedures for late orders and additional copy requirements for extension applications.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(iii): institution must maintain separate research accounts and file audited annual returns.
Approval confers recognition of Indira Gandhi National Centre for the Arts as an Institution under clause (iii) of sub-section (1) of section 35, subject to conditions: maintain a separate account for scientific research receipts; furnish annual returns of scientific research activities by 31st May; and submit audited annual accounts showing income, expenditure, assets and liabilities to specified authorities by 30th June. The approval is time-bound and requires timely application for extension through the jurisdictional tax officer, with special procedures for late orders and additional copy requirements for extension applications.
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