Research approval under section 35(1)(iii) requires separate research accounts, DSIR annual return and audited submissions. Notification approves organisations as Institutions for research-related tax exemption under clause (iii) of sub-section (1) of section 35, subject to maintaining separate books for research, filing an annual return of scientific research activities with the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts and audited income-and-expenditure statements for research to the Director-General of Income-tax (Exemptions), the Secretary, DSIR, and the relevant Commissioner/Director of Income-tax (Exemptions) by 31 October, alongside the return of income to the Assessing Officer.
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 approval under section 35(1)(iii) requires separate research accounts, DSIR annual return and audited submissions.
Notification approves organisations as Institutions for research-related tax exemption under clause (iii) of sub-section (1) of section 35, subject to maintaining separate books for research, filing an annual return of scientific research activities with the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts and audited income-and-expenditure statements for research to the Director-General of Income-tax (Exemptions), the Secretary, DSIR, and the relevant Commissioner/Director of Income-tax (Exemptions) by 31 October, alongside the return of income to the Assessing Officer.
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