Research institution approval under income tax requires separate research accounts, annual audited returns, extensions and specified filings. Approval is granted to the Medical Research Centre of Bombay Hospital Trust as an Institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, subject to conditions: maintain separate research accounts; submit annual scientific research returns by 31 May; furnish audited annual accounts to designated authorities by 30 June; and follow prescribed procedures and copies for applying for extension of approval. The notification names the organisation and fixes the approval period from 1 April 1989 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.
Research institution approval under income tax requires separate research accounts, annual audited returns, extensions and specified filings.
Approval is granted to the Medical Research Centre of Bombay Hospital Trust as an Institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, subject to conditions: maintain separate research accounts; submit annual scientific research returns by 31 May; furnish audited annual accounts to designated authorities by 30 June; and follow prescribed procedures and copies for applying for extension of approval. The notification names the organisation and fixes the approval period from 1 April 1989 to 31 March 1990.
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