Research institution approval under section 35 imposes reporting, separate accounts, audited submissions and renewal obligations. Approval of the International Management Institute, New Delhi, as an Institution under clause (iii) of sub section (1) of section 35 requires maintenance of a separate account for scientific research receipts, annual returns of research activities to the prescribed authority by 30 April, and submission of audited annual accounts and balance sheet to the prescribed authority and the concerned Commissioner of Income tax by 30 June; approval renewal must be sought from the Central Board of Direct Taxes three months before expiry.
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 imposes reporting, separate accounts, audited submissions and renewal obligations.
Approval of the International Management Institute, New Delhi, as an Institution under clause (iii) of sub section (1) of section 35 requires maintenance of a separate account for scientific research receipts, annual returns of research activities to the prescribed authority by 30 April, and submission of audited annual accounts and balance sheet to the prescribed authority and the concerned Commissioner of Income tax by 30 June; approval renewal must be sought from the Central Board of Direct Taxes three months before expiry.
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