Research Association Approval: entity approved under income-tax law subject to separate research accounts, annual return and audited accounts. Approval is granted to Batra Medical Research Centre as a research association eligible under clause (ii) of sub-section (1) of section 35, subject to maintaining separate research accounts, filing an annual scientific research return by 31 May, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General (Exemptions), the central research department secretary and the jurisdictional tax commissioner by 30 June; the approval is time limited and renewal procedures are prescribed.
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 Association Approval: entity approved under income-tax law subject to separate research accounts, annual return and audited accounts.
Approval is granted to Batra Medical Research Centre as a research association eligible under clause (ii) of sub-section (1) of section 35, subject to maintaining separate research accounts, filing an annual scientific research return by 31 May, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General (Exemptions), the central research department secretary and the jurisdictional tax commissioner by 30 June; the approval is time limited and renewal procedures are prescribed.
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