Research institution approval under section 35 requires maintenance of separate accounts and annual audited filings to authorities. Approval is granted to M/s Parshwanatn Vidya Peeth as an Institution under clause (iii) of sub section (1) of section 35 read with Rule 6, subject to maintaining separate books for research, filing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting annually by 31st October audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the competent Income Tax Commissioner/Director (Exemptions), in addition to the income tax return; renewal applications must be filed in triplicate through the tax exemptions office and sent to the 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.
Research institution approval under section 35 requires maintenance of separate accounts and annual audited filings to authorities.
Approval is granted to M/s Parshwanatn Vidya Peeth as an Institution under clause (iii) of sub section (1) of section 35 read with Rule 6, subject to maintaining separate books for research, filing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting annually by 31st October audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the competent Income Tax Commissioner/Director (Exemptions), in addition to the income tax return; renewal applications must be filed in triplicate through the tax exemptions office and sent to the DSIR.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
