Research institution approval under section 35(1)(iii) imposes separate research accounts, annual returns and audited filings. Gandhi Labour Institute, Ahmedabad, is approved as an Institution under clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961, subject to maintaining a separate account for scientific research receipts; furnishing annual returns of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May; and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director General of Income tax (Exemptions), the Secretary (DSIR) and the Commissioner/Director of Income tax (Exemptions) by 30th June each year.
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) imposes separate research accounts, annual returns and audited filings.
Gandhi Labour Institute, Ahmedabad, is approved as an Institution under clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961, subject to maintaining a separate account for scientific research receipts; furnishing annual returns of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May; and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director General of Income tax (Exemptions), the Secretary (DSIR) and the Commissioner/Director of Income tax (Exemptions) by 30th June each year.
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