Research institution approval requires separate research accounts and annual audited returns to maintain tax recognition. Approval is granted to the Tata Memorial Centre, Tata Hospital, as an approved research association subject to conditions: maintain separate accounts for sums received for scientific research; furnish annual returns of research activities in prescribed forms by the annual deadline; submit audited annual accounts, income and expenditure statements, and balance sheets to the prescribed authority and tax offices by specified dates; and apply for extension of approval before expiry to avoid rejection.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval requires separate research accounts and annual audited returns to maintain tax recognition.
Approval is granted to the Tata Memorial Centre, Tata Hospital, as an approved research association subject to conditions: maintain separate accounts for sums received for scientific research; furnish annual returns of research activities in prescribed forms by the annual deadline; submit audited annual accounts, income and expenditure statements, and balance sheets to the prescribed authority and tax offices by specified dates; and apply for extension of approval before expiry to avoid rejection.
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