Research institution approval: recognition granted subject to separate research accounts and annual audited reporting to prescribed authorities. Conwest Jain Medical Research Society, Bombay is approved as an association under section 35(1)(ii) for research related tax recognition, subject to maintaining a separate account for research receipts, filing annual returns of scientific research activities to the prescribed authority by 30 April, and submitting audited annual accounts and a balance sheet to the prescribed authority and the concerned Commissioner of Income tax by 30 June; approval effective from March 31, 1984 to March 31, 1985.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval: recognition granted subject to separate research accounts and annual audited reporting to prescribed authorities.
Conwest Jain Medical Research Society, Bombay is approved as an association under section 35(1)(ii) for research related tax recognition, subject to maintaining a separate account for research receipts, filing annual returns of scientific research activities to the prescribed authority by 30 April, and submitting audited annual accounts and a balance sheet to the prescribed authority and the concerned Commissioner of Income tax by 30 June; approval effective from March 31, 1984 to March 31, 1985.
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