Research approval requires institutions to keep separate research accounts and submit annual returns and audited accounts. Approval is granted to the Mukund Foundation for Agricultural Research as a research association subject to conditions: maintain separate accounts for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30th April in prescribed forms; and submit audited annual accounts and a balance sheet to the prescribed authority, with copies to the concerned Commissioner of Income-tax, by 30th June.
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 requires institutions to keep separate research accounts and submit annual returns and audited accounts.
Approval is granted to the Mukund Foundation for Agricultural Research as a research association subject to conditions: maintain separate accounts for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30th April in prescribed forms; and submit audited annual accounts and a balance sheet to the prescribed authority, with copies to the concerned Commissioner of Income-tax, by 30th June.
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