Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Approval under section 35(1)(iii) enables tax-exempt research funding with exclusive use, reporting, accounting and investment conditions. Approval is granted to the Ramakrishna Mission Institute of Culture, Calcutta under approval under section 35(1)(iii) for a research-related tax exemption, conditional on exclusive application of exempt funds to social science research, maintenance of a separate account, submission of an annual activity report with an audited account identifying those funds and their utilisation, and investment of any unutilized donations in permitted instruments as prescribed under the investment provisions; the notification is valid for three years.
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) enables tax-exempt research funding with exclusive use, reporting, accounting and investment conditions.
Approval is granted to the Ramakrishna Mission Institute of Culture, Calcutta under approval under section 35(1)(iii) for a research-related tax exemption, conditional on exclusive application of exempt funds to social science research, maintenance of a separate account, submission of an annual activity report with an audited account identifying those funds and their utilisation, and investment of any unutilized donations in permitted instruments as prescribed under the investment provisions; the notification is valid for three years.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.