R&D approval under section 35(1)(iii) requires separate research accounts, annual returns and audited account submissions on set deadlines. Approval of the Institute of Banking Personnel Selection as an Institution under section 35 clause (iii) is effective from 1 April 1991 to 31 March 1992, subject to maintaining a separate research account, filing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31 May each year, 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 each year; extension procedures and copy submission requirements are prescribed.
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.
R&D approval under section 35(1)(iii) requires separate research accounts, annual returns and audited account submissions on set deadlines.
Approval of the Institute of Banking Personnel Selection as an Institution under section 35 clause (iii) is effective from 1 April 1991 to 31 March 1992, subject to maintaining a separate research account, filing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31 May each year, 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 each year; extension procedures and copy submission requirements are prescribed.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
