Research exemption approval requires separate research accounts, annual returns, and audited accounts submission under compliance rules. Approval is granted to Charutur Arogya Mandal Medical Research Society as an Institution for purposes of section 35(1)(ii) of the Income-tax Act, subject to maintaining separate accounts for scientific research, furnishing annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the Director-General (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant Commissioner/Director of Income-tax (Exemptions) by 30th June. The approval is effective from 1 April 1990 to 31 March 1991 and extension applications must be made in advance as prescribed.
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Research exemption approval requires separate research accounts, annual returns, and audited accounts submission under compliance rules.
Approval is granted to Charutur Arogya Mandal Medical Research Society as an Institution for purposes of section 35(1)(ii) of the Income-tax Act, subject to maintaining separate accounts for scientific research, furnishing annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to the Director-General (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant Commissioner/Director of Income-tax (Exemptions) by 30th June. The approval is effective from 1 April 1990 to 31 March 1991 and extension applications must be made in advance as prescribed.
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