Approval under section 35(1)(iii): institutional tax exemption subject to separate research accounts and annual audited reporting requirements. The EFI Social and Labour Research Foundation is approved as an Institution under section 35(1)(iii) for 1-4-1990 to 31-3-1991, subject to maintaining a separate account for scientific research receipts, furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director-General of Income-tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director of Income-tax (Exemptions) by 30 June. The organisation is advised on the procedure and timing 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): institutional tax exemption subject to separate research accounts and annual audited reporting requirements.
The EFI Social and Labour Research Foundation is approved as an Institution under section 35(1)(iii) for 1-4-1990 to 31-3-1991, subject to maintaining a separate account for scientific research receipts, furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director-General of Income-tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director of Income-tax (Exemptions) by 30 June. The organisation is advised on the procedure and timing for applying for extension of approval.
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