Research funding exemption under section 35(1)(iii) approved; institution must use funds for social science, maintain accounts, report annually. The Indian Institute of Economics, Hyderabad is approved under section 35(1)(iii) subject to conditions: funds must be used exclusively for promotion of social science research; separate accounts for funds collected under the exemption must be maintained; and an annual report and statement of accounts showing collection and utilisation of such funds must be filed with the prescribed authority and the concerned Commissioner of Income-tax. The approval is effective for a three-year period from 1-12-1980 to 30-11-1983.
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.
Research funding exemption under section 35(1)(iii) approved; institution must use funds for social science, maintain accounts, report annually.
The Indian Institute of Economics, Hyderabad is approved under section 35(1)(iii) subject to conditions: funds must be used exclusively for promotion of social science research; separate accounts for funds collected under the exemption must be maintained; and an annual report and statement of accounts showing collection and utilisation of such funds must be filed with the prescribed authority and the concerned Commissioner of Income-tax. The approval is effective for a three-year period from 1-12-1980 to 30-11-1983.
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