Research institution approval under section 35(1)(iii) requires separate research accounts, DSIR returns and audited research accounts. CARITAS India, C.B.C.I., New Delhi is approved as an institution for the research exemption under the Income-tax Act for 1-4-2000 to 31-3-2003, subject to maintaining separate research accounts; filing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31 May; and submitting audited annual accounts and audited research income-and-expenditure accounts by 31 October each year to the Director-General of Income-tax (Exemptions), the Secretary DSIR, and the local Commissioner/Director of Income-tax (Exemptions).
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.
Research institution approval under section 35(1)(iii) requires separate research accounts, DSIR returns and audited research accounts.
CARITAS India, C.B.C.I., New Delhi is approved as an institution for the research exemption under the Income-tax Act for 1-4-2000 to 31-3-2003, subject to maintaining separate research accounts; filing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31 May; and submitting audited annual accounts and audited research income-and-expenditure accounts by 31 October each year to the Director-General of Income-tax (Exemptions), the Secretary DSIR, and the local Commissioner/Director of Income-tax (Exemptions).
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