Approval under section 35 for research institution: mandate separate research accounts, annual returns, audited accounts, and timely renewal. Approval under clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961, was granted to the Giri Institute of Development Studies, Lucknow, effective 1 4 1985 to 31 3 1988, subject to maintaining separate research accounts, furnishing annual research activity returns by 30 April, submitting audited accounts and balance sheet with copies to the Commissioner by 30 June, and applying to the Central Board of Direct Taxes for renewal at least 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.
Approval under section 35 for research institution: mandate separate research accounts, annual returns, audited accounts, and timely renewal.
Approval under clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961, was granted to the Giri Institute of Development Studies, Lucknow, effective 1 4 1985 to 31 3 1988, subject to maintaining separate research accounts, furnishing annual research activity returns by 30 April, submitting audited accounts and balance sheet with copies to the Commissioner by 30 June, and applying to the Central Board of Direct Taxes for renewal at least three months before expiry.
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