Tax approval for research institutions requires separate research accounts, annual returns by May and audited reports by October. Approval of M/s International Board of Yoga as an institution under clause (iii) of sub section (1) of section 35 read with Rule 6 is notified for 1 April 2001 to 31 March 2004 and is subject to conditions: maintain separate books for research activities; furnish annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May; submit audited annual accounts and audited income & expenditure accounts for research to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income Tax by 31 October; and apply in triplicate for renewal through the Commissioner/Director of Income Tax while sending copies to the Secretary, DSIR.
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 approval for research institutions requires separate research accounts, annual returns by May and audited reports by October.
Approval of M/s International Board of Yoga as an institution under clause (iii) of sub section (1) of section 35 read with Rule 6 is notified for 1 April 2001 to 31 March 2004 and is subject to conditions: maintain separate books for research activities; furnish annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May; submit audited annual accounts and audited income & expenditure accounts for research to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income Tax by 31 October; and apply in triplicate for renewal through the Commissioner/Director of Income Tax while sending copies to the Secretary, DSIR.
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