Research institution approval requires annual audited accounts, separate research accounts and timely renewal application filing. Approval of Vivekanand Medical Research Society as an institution under clause (ii) of sub section (1) of section 35 is effective from 1 April 1988 to 31 March 1989 and is subject to conditions: maintain separate accounts for research receipts; furnish annual research activity returns by 31 May; submit audited annual accounts, income and expenditure statement and balance sheet to the prescribed authority by 30 June with copies to tax authorities; and apply for extension before approval expiry to avoid rejection.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval requires annual audited accounts, separate research accounts and timely renewal application filing.
Approval of Vivekanand Medical Research Society as an institution under clause (ii) of sub section (1) of section 35 is effective from 1 April 1988 to 31 March 1989 and is subject to conditions: maintain separate accounts for research receipts; furnish annual research activity returns by 31 May; submit audited annual accounts, income and expenditure statement and balance sheet to the prescribed authority by 30 June with copies to tax authorities; and apply for extension before approval expiry to avoid rejection.
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