Approval under section 35(1)(iii) requires separate research accounts, annual research returns and audited annual account submission. Approval is granted to the Indian Institute of Education as an Institution under clause (iii) of sub section (1) of section 35, subject to maintaining a separate account for scientific research, furnishing an annual return of scientific research activities to the central research department by the statutory deadline, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the income tax exemptions authority, the central research department and the local tax commissioner by the prescribed date 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.
Approval under section 35(1)(iii) requires separate research accounts, annual research returns and audited annual account submission.
Approval is granted to the Indian Institute of Education as an Institution under clause (iii) of sub section (1) of section 35, subject to maintaining a separate account for scientific research, furnishing an annual return of scientific research activities to the central research department by the statutory deadline, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the income tax exemptions authority, the central research department and the local tax commissioner by the prescribed date each year.
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