Approval under section 35: institution recognition requires separate research accounts and annual audited research returns. Approval is granted to International Management Institute as an Institution under section 35(1)(iii) of the Income-tax Act subject to maintenance of separate accounts for scientific research, annual return of scientific research activities to the Department of Scientific and Industrial Research, and annual submission of audited accounts showing income, expenditure, assets and liabilities to specified tax and research authorities; the notification also prescribes procedures for applying for extension of the 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: institution recognition requires separate research accounts and annual audited research returns.
Approval is granted to International Management Institute as an Institution under section 35(1)(iii) of the Income-tax Act subject to maintenance of separate accounts for scientific research, annual return of scientific research activities to the Department of Scientific and Industrial Research, and annual submission of audited accounts showing income, expenditure, assets and liabilities to specified tax and research authorities; the notification also prescribes procedures for applying for extension of the approval.
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