Research funding approval grants tax-exempt status to institute subject to use, accounting and reporting conditions. Approval under section 35(1)(iii) grants tax-exempt treatment to The National Institute of Public Finance and Policy, New Delhi for funds used to promote social science research, conditional on exclusive use for research, maintenance of separate accounts for exempt funds, and submission of annual reports and statements of accounts to the prescribed authority and the concerned Commissioner of Income-tax; the approval is effective for a defined operative period.
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 funding approval grants tax-exempt status to institute subject to use, accounting and reporting conditions.
Approval under section 35(1)(iii) grants tax-exempt treatment to The National Institute of Public Finance and Policy, New Delhi for funds used to promote social science research, conditional on exclusive use for research, maintenance of separate accounts for exempt funds, and submission of annual reports and statements of accounts to the prescribed authority and the concerned Commissioner of Income-tax; the approval is effective for a defined operative period.
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