Approved Institution status under statutory provision requires exclusive research use, separate accounts and annual reports, time-limited approval. The Model Institute of Education and Research, Jammu is approved as an approved institution for income-tax exemption subject to conditions: funds must be used exclusively for promotion of social science research; the institute must maintain separate accounts for exempt funds; and it must submit annual statements of accounts and an annual report to the ICSSR and the concerned Commissioner of Income-tax. The approval is effective for the three-year period from 1 April 1980 to 31 March 1983.
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.
Approved Institution status under statutory provision requires exclusive research use, separate accounts and annual reports, time-limited approval.
The Model Institute of Education and Research, Jammu is approved as an approved institution for income-tax exemption subject to conditions: funds must be used exclusively for promotion of social science research; the institute must maintain separate accounts for exempt funds; and it must submit annual statements of accounts and an annual report to the ICSSR and the concerned Commissioner of Income-tax. The approval is effective for the three-year period from 1 April 1980 to 31 March 1983.
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