Institution approval under tax law requires separate research accounts, annual returns and audited accounts to authorities. Approval is granted to EFI Social and Labour Research Foundation, Bombay, as an Institution for tax-law research expenditure purposes subject to conditions: maintain a separate account for scientific research funds; furnish annual returns of research activities to the prescribed authority by 30th April each year; and submit audited annual accounts showing income, expenditure and a balance sheet to the prescribed authority and the concerned Commissioner by 30th June each year. The approval is effective from 22 March 1984 to 21 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.
Institution approval under tax law requires separate research accounts, annual returns and audited accounts to authorities.
Approval is granted to EFI Social and Labour Research Foundation, Bombay, as an Institution for tax-law research expenditure purposes subject to conditions: maintain a separate account for scientific research funds; furnish annual returns of research activities to the prescribed authority by 30th April each year; and submit audited annual accounts showing income, expenditure and a balance sheet to the prescribed authority and the concerned Commissioner by 30th June each year. The approval is effective from 22 March 1984 to 21 March 1986.
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