Research approval requires associations to maintain separate research accounts, file annual returns and audited accounts, and seek renewal. Approval is granted to Mangalam, Lucknow, as an approved institution under section 35(1)(ii) as an 'Association' subject to compliance: maintain separate accounts for scientific research; furnish prescribed annual returns by 31st May; submit audited annual accounts and balance sheet with copies to tax administration and the prescribed authority by 30th June; apply three months before expiry for extension. The approval is effective from 1 January 1987 to 31 March 1988.
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Provisions expressly mentioned in the judgment/order text.
Research approval requires associations to maintain separate research accounts, file annual returns and audited accounts, and seek renewal.
Approval is granted to Mangalam, Lucknow, as an approved institution under section 35(1)(ii) as an "Association" subject to compliance: maintain separate accounts for scientific research; furnish prescribed annual returns by 31st May; submit audited annual accounts and balance sheet with copies to tax administration and the prescribed authority by 30th June; apply three months before expiry for extension. The approval is effective from 1 January 1987 to 31 March 1988.
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