Approval under section 35(1)(iii) grants institution status with annual research returns, audited accounts and renewal procedure obligations. Approval is granted to Sur Smarak Mandal, Agra as an Institution for purposes of clause (iii) of sub section (1) of section 35 of the Income tax Act for the period 1 4 1990 to 31 3 1992, subject to compliance: maintain separate accounts for scientific research; submit an annual research return to the scientific department by 31 May; and furnish audited annual accounts showing income, expenditure, assets and liabilities to specified tax and research authorities 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) grants institution status with annual research returns, audited accounts and renewal procedure obligations.
Approval is granted to Sur Smarak Mandal, Agra as an Institution for purposes of clause (iii) of sub section (1) of section 35 of the Income tax Act for the period 1 4 1990 to 31 3 1992, subject to compliance: maintain separate accounts for scientific research; submit an annual research return to the scientific department by 31 May; and furnish audited annual accounts showing income, expenditure, assets and liabilities to specified tax and research authorities by 30 June each year.
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