Approved University of Pennsylvannia Institute, for the Advanced Study of India u/s 35(1)(iii) of the Income-tax Act, 1961 - 026/2003 - Income Tax Act, 1961
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Research institution approval under section 35(1)(iii) requires separate research accounts and annual audited submissions and returns. The University of Pennsylvania Institute for the Advanced Study of India is approved as an Institution under section 35(1)(iii) read with rule 6, subject to conditions: maintenance of separate books for research activities; annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May; and annual submission by 31 October of audited annual accounts and audited Income & Expenditure Account for research activities to the Director General of Income-tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the local Commissioner/Director of Income-tax (Exemptions), besides filing the return of income to the designated Assessing Officer.
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 submissions and returns.
The University of Pennsylvania Institute for the Advanced Study of India is approved as an Institution under section 35(1)(iii) read with rule 6, subject to conditions: maintenance of separate books for research activities; annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May; and annual submission by 31 October of audited annual accounts and audited Income & Expenditure Account for research activities to the Director General of Income-tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the local Commissioner/Director of Income-tax (Exemptions), besides filing the return of income to the designated Assessing Officer.
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