Research institution approval under section 35(1)(iii) requires separate research accounts and annual audited reporting by fixed deadlines. Approval of the Academy of Sanskrit Research Melkote as an institution for research exemption is effective 1 April 2001-31 March 2004, conditional on maintaining separate books for research, filing an annual return of scientific research activities to the scientific research department by 31 May, and submitting audited annual accounts and audited income-and-expenditure accounts for the exempted research activities to the designated tax exemption authorities and the scientific research department by 31 October, alongside the income tax return. The separate accounts requirement does not apply to entities categorised as associations; renewal applications must be made in triplicate.
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 and annual audited reporting by fixed deadlines.
Approval of the Academy of Sanskrit Research Melkote as an institution for research exemption is effective 1 April 2001-31 March 2004, conditional on maintaining separate books for research, filing an annual return of scientific research activities to the scientific research department by 31 May, and submitting audited annual accounts and audited income-and-expenditure accounts for the exempted research activities to the designated tax exemption authorities and the scientific research department by 31 October, alongside the income tax return. The separate accounts requirement does not apply to entities categorised as associations; renewal applications must be made in triplicate.
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