Research approval under tax provision requires separate research accounts and annual audited returns to retain eligibility. Approval under section 35(1)(iii) is accorded to Kumarappa Institute of Gram Swaraj, Jaipur, as an 'Association' in other natural and applied sciences subject to conditions: maintain separate accounts for research funds, file annual returns of research activities in prescribed forms by the annual deadline, and submit audited annual accounts showing income, expenditure, assets and liabilities to the prescribed authority with copies to the Commissioner of Income-tax.
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 approval under tax provision requires separate research accounts and annual audited returns to retain eligibility.
Approval under section 35(1)(iii) is accorded to Kumarappa Institute of Gram Swaraj, Jaipur, as an "Association" in other natural and applied sciences subject to conditions: maintain separate accounts for research funds, file annual returns of research activities in prescribed forms by the annual deadline, and submit audited annual accounts showing income, expenditure, assets and liabilities to the prescribed authority with copies to the Commissioner of Income-tax.
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