Research institution approval ensures conditional tax recognition subject to annual reporting and audited accounts compliance. Approval is granted to the Bandra Holy Family Medical Research Society, Bombay, as an approved institution under clause (ii) of sub section (1) of section 35 for the period 1 4 1987 to 31 3 1988, subject to conditions: maintain separate research accounts; furnish annual scientific research returns by 31 May; submit audited annual accounts, income expenditure statement and balance sheet by 30 June with copies to tax authorities; and apply for extension three months before approval expiry.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval ensures conditional tax recognition subject to annual reporting and audited accounts compliance.
Approval is granted to the Bandra Holy Family Medical Research Society, Bombay, as an approved institution under clause (ii) of sub section (1) of section 35 for the period 1 4 1987 to 31 3 1988, subject to conditions: maintain separate research accounts; furnish annual scientific research returns by 31 May; submit audited annual accounts, income expenditure statement and balance sheet by 30 June with copies to tax authorities; and apply for extension three months before approval expiry.
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