Research institution approval under section 35(1)(iii) conditions include separate research accounts and annual audited reporting. Approval is granted to M/s Indira Gandhi National Centre for the Arts, C.V. Mess as an Institution under clause (iii) of section 35(1) of the Income-tax Act, subject to maintaining separate books for research, filing an annual return of scientific research activities with the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited accounts and audited income-and-expenditure accounts for research to designated tax and research authorities by 31 October, alongside the income tax return; renewal applications must be filed in triplicate through the tax exemptions office and to the Secretary, DSIR.
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Research institution approval under section 35(1)(iii) conditions include separate research accounts and annual audited reporting.
Approval is granted to M/s Indira Gandhi National Centre for the Arts, C.V. Mess as an Institution under clause (iii) of section 35(1) of the Income-tax Act, subject to maintaining separate books for research, filing an annual return of scientific research activities with the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited accounts and audited income-and-expenditure accounts for research to designated tax and research authorities by 31 October, alongside the income tax return; renewal applications must be filed in triplicate through the tax exemptions office and to the Secretary, DSIR.
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