Approval under section 35(1)(iii) requires separate research accounts, annual return and annual audited accounts submission. Approval is granted to the Indian Council for Research on International Economic Relations as an Institution for income tax research provisions for 1-4-1991 to 31-3-1992, conditional on maintaining a separate account for scientific research receipts; furnishing 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 showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the Commissioner/Director of Income-tax (Exemptions) by 30 June 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 return and annual audited accounts submission.
Approval is granted to the Indian Council for Research on International Economic Relations as an Institution for income tax research provisions for 1-4-1991 to 31-3-1992, conditional on maintaining a separate account for scientific research receipts; furnishing 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 showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the Commissioner/Director of Income-tax (Exemptions) by 30 June each year.
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