Tax exemption approval requires institutional research accounting, annual scientific return, and audited accounts filed by specified deadlines. Institutional approval under section 35(1)(iii) is granted subject to compliance: maintain separate research books (subject to a saving for entities categorized as 'Institution'), file an annual research return to the designated scientific department by 31 May, and submit audited annual accounts and audited income & expenditure statements for exempt research to specified government recipients and the designated tax officer by 31 October; renewal applications should be filed in triplicate and copies sent to the scientific department.
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.
Tax exemption approval requires institutional research accounting, annual scientific return, and audited accounts filed by specified deadlines.
Institutional approval under section 35(1)(iii) is granted subject to compliance: maintain separate research books (subject to a saving for entities categorized as "Institution"), file an annual research return to the designated scientific department by 31 May, and submit audited annual accounts and audited income & expenditure statements for exempt research to specified government recipients and the designated tax officer by 31 October; renewal applications should be filed in triplicate and copies sent to the scientific department.
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