Research institution approval requires separate research accounts and annual audited returns to retain tax recognition. Approval is granted to Kothari Research Foundations, Madras as an association qualifying under the tax provision for scientific research, conditional on maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 30th April each year, and submitting audited annual accounts and a balance sheet to the prescribed authority and the concerned Commissioner of Income tax by 30th June each year. The approval is effective from April 14, 1984 to March 31, 1985.
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 requires separate research accounts and annual audited returns to retain tax recognition.
Approval is granted to Kothari Research Foundations, Madras as an association qualifying under the tax provision for scientific research, conditional on maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 30th April each year, and submitting audited annual accounts and a balance sheet to the prescribed authority and the concerned Commissioner of Income tax by 30th June each year. The approval is effective from April 14, 1984 to March 31, 1985.
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