Research exemption under section 35(1)(iii) requires distinct research accounts plus specific annual reporting and audited submissions. Approval under section 35(1)(iii) designates M/s. Sweekaar Rehabilitation Institute for Handicapped as an Institution for research related tax exemption (1 April 2001-31 March 2004) subject to maintaining separate research accounts and meeting reporting and audit obligations, including an annual research return to the Secretary, Department of Scientific & Industrial Research by 31 May and submission of audited accounts for the research activities to specified tax and research authorities by 31 October each year.
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 exemption under section 35(1)(iii) requires distinct research accounts plus specific annual reporting and audited submissions.
Approval under section 35(1)(iii) designates M/s. Sweekaar Rehabilitation Institute for Handicapped as an Institution for research related tax exemption (1 April 2001-31 March 2004) subject to maintaining separate research accounts and meeting reporting and audit obligations, including an annual research return to the Secretary, Department of Scientific & Industrial Research by 31 May and submission of audited accounts for the research activities to specified tax and research authorities by 31 October each year.
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