Research institution approval under section 35(1)(iii) requires separate research accounts and specified annual reporting and audited filings. Approval is granted to M. S. Chellamuthu Trust and Research Foundation as an Institution under section 35(1)(iii) for 1-4-2000 to 31-3-2003 subject to conditions: maintain separate books for research; furnish annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31st May; and submit audited annual accounts and audited income and expenditure account for research activities to the Director-General of Income-tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income-tax (Exemptions) by 31st October each year, in addition to the return to the designated Assessing Officer.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval under section 35(1)(iii) requires separate research accounts and specified annual reporting and audited filings.
Approval is granted to M. S. Chellamuthu Trust and Research Foundation as an Institution under section 35(1)(iii) for 1-4-2000 to 31-3-2003 subject to conditions: maintain separate books for research; furnish annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31st May; and submit audited annual accounts and audited income and expenditure account for research activities to the Director-General of Income-tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income-tax (Exemptions) by 31st October each year, in addition to the return to the designated Assessing Officer.
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