Research institution approval under tax law granted with prescribed accounting and annual reporting obligations. Approval under section 35(1)(iii) is granted to the National Institute of Public Finance and Policy, New Delhi, as an eligible research 'Institution' subject to conditions: maintain a separate account for research receipts; furnish annual returns of research activities to the prescribed authority by 30 April each financial year; and submit audited annual accounts and balance-sheet to the prescribed authority by 30 June each year with copies to the concerned Commissioner of Income-tax. The approval is effective for a three-year period from 1 April 1983 to 31 March 1986.
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 institution approval under tax law granted with prescribed accounting and annual reporting obligations.
Approval under section 35(1)(iii) is granted to the National Institute of Public Finance and Policy, New Delhi, as an eligible research "Institution" subject to conditions: maintain a separate account for research receipts; furnish annual returns of research activities to the prescribed authority by 30 April each financial year; and submit audited annual accounts and balance-sheet to the prescribed authority by 30 June each year with copies to the concerned Commissioner of Income-tax. The approval is effective for a three-year period from 1 April 1983 to 31 March 1986.
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 
