Section 35 approval requires exclusive research use, separate accounting, and annual audited reports for sanctioned institutions. Approval under Section 35(1)(iii) grants the Statistical Publishing Society, Calcutta tax-exempt status for funds collected to promote social science research, subject to the conditions that funds be used exclusively for research promotion, that separate accounts be maintained for such funds, and that the Society submit an annual report and audited statement of accounts showing collection and utilisation; the notification is effective for a limited 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.
Section 35 approval requires exclusive research use, separate accounting, and annual audited reports for sanctioned institutions.
Approval under Section 35(1)(iii) grants the Statistical Publishing Society, Calcutta tax-exempt status for funds collected to promote social science research, subject to the conditions that funds be used exclusively for research promotion, that separate accounts be maintained for such funds, and that the Society submit an annual report and audited statement of accounts showing collection and utilisation; the notification is effective for a limited period.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
