Approval under Section 35(1)(iii): institution subject to exclusive research use, separate accounts and annual reporting requirements. Approval under Section 35(1)(iii) of the Income-tax Act was granted to Bhartiya Bhasha Parishad, Calcutta subject to conditions: funds collected under the exemption must be utilized exclusively for promotion of research in social science; the Parishad must maintain separate accounts for those funds; and it must send an annual statement of accounts and an annual report to the prescribed authority and the concerned Commissioner of Income-tax showing funds collected under the exemption and how they were utilized. The approval is effective from 1st April, 1979 to 31st March, 1982.
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): institution subject to exclusive research use, separate accounts and annual reporting requirements.
Approval under Section 35(1)(iii) of the Income-tax Act was granted to Bhartiya Bhasha Parishad, Calcutta subject to conditions: funds collected under the exemption must be utilized exclusively for promotion of research in social science; the Parishad must maintain separate accounts for those funds; and it must send an annual statement of accounts and an annual report to the prescribed authority and the concerned Commissioner of Income-tax showing funds collected under the exemption and how they were utilized. The approval is effective from 1st April, 1979 to 31st March, 1982.
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