Approval under section 35(1)(iii) establishes institutional research exemption with annual returns and audited-account filing obligations. Approval under section 35(1)(iii) is granted to Jain Vishva Bharati as an Institution, subject to maintenance of a separate account for scientific research receipts, furnishing annual scientific research returns to the Department of Scientific and Industrial Research by 31 May, and submission by 30 June of audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the scientific research department and the local income-tax authority. The approval is effective from 1 April 1990 to 31 March 1991 and the organisation is advised to apply for extension in advance.
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) establishes institutional research exemption with annual returns and audited-account filing obligations.
Approval under section 35(1)(iii) is granted to Jain Vishva Bharati as an Institution, subject to maintenance of a separate account for scientific research receipts, furnishing annual scientific research returns to the Department of Scientific and Industrial Research by 31 May, and submission by 30 June of audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the scientific research department and the local income-tax authority. The approval is effective from 1 April 1990 to 31 March 1991 and the organisation is advised to apply for extension in advance.
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