Approval under tax provision for scientific research grants association status subject to reporting, audited accounts, and timely renewal. Approval is granted to the Nutrition Foundation of India as an Association eligible under the tax provision for scientific research, conditional on maintaining separate research accounts; filing annual research returns by 31 May; submitting audited accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June; and applying for renewal at least three months before expiry. The approval is effective from 1 April 1987 to 31 March 1990.
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.
Approval under tax provision for scientific research grants association status subject to reporting, audited accounts, and timely renewal.
Approval is granted to the Nutrition Foundation of India as an Association eligible under the tax provision for scientific research, conditional on maintaining separate research accounts; filing annual research returns by 31 May; submitting audited accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June; and applying for renewal at least three months before expiry. The approval is effective from 1 April 1987 to 31 March 1990.
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