Approval under section 35(1)(iii) granted to institution with reporting and accounting conditions for research compliance. Approval is granted to the Statistical Publishing Society, Calcutta, as an institution for purposes of Section 35(1)(iii), subject to maintaining separate accounts for scientific research receipts, furnishing annual research activity returns to the Secretary, Department of Scientific and Industrial Research by 31st May each year, and submitting audited annual accounts of income, expenditure, assets and liabilities to the Director General of Income tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director of Income tax (Exemptions) by 30th June each year.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(iii) granted to institution with reporting and accounting conditions for research compliance.
Approval is granted to the Statistical Publishing Society, Calcutta, as an institution for purposes of Section 35(1)(iii), subject to maintaining separate accounts for scientific research receipts, furnishing annual research activity returns to the Secretary, Department of Scientific and Industrial Research by 31st May each year, and submitting audited annual accounts of income, expenditure, assets and liabilities to the Director General of Income tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director of Income tax (Exemptions) by 30th June each year.
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