Research approval requires separate research accounts, annual returns, audited accounts and timely renewal application. Approval under Section 35(1)(ii) recognizes Dr. Jivraj Mehta Smarak Health Foundation as an institution eligible for research-related income-tax consideration, subject to maintaining a separate account for research receipts, furnishing annual scientific returns by 30th April, submitting audited annual accounts and balance-sheet to the prescribed authority and Commissioner by 30th June, and applying for extension of approval before expiry.
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Provisions expressly mentioned in the judgment/order text.
Research approval requires separate research accounts, annual returns, audited accounts and timely renewal application.
Approval under Section 35(1)(ii) recognizes Dr. Jivraj Mehta Smarak Health Foundation as an institution eligible for research-related income-tax consideration, subject to maintaining a separate account for research receipts, furnishing annual scientific returns by 30th April, submitting audited annual accounts and balance-sheet to the prescribed authority and Commissioner by 30th June, and applying for extension of approval before expiry.
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