Approval under section 35(1)(iii) Income Tax: exempted funds must support social science research and be reported annually. Approval under section 35(1)(iii) was granted to Nagpur Management Association subject to conditions: funds collected under the exemption must be utilized exclusively for promotion of social science research; separate accounts must be maintained for those funds; and the association must submit an annual report to the prescribed authority showing funds collected and how they were utilized.
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.
Approval under section 35(1)(iii) Income Tax: exempted funds must support social science research and be reported annually.
Approval under section 35(1)(iii) was granted to Nagpur Management Association subject to conditions: funds collected under the exemption must be utilized exclusively for promotion of social science research; separate accounts must be maintained for those funds; and the association must submit an annual report to the prescribed authority showing funds collected and how they were utilized.
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