Scientific Research Association approval requires separate research accounts and annual returns to the prescribed authority. The National Institute of Mental Health and Neuro Sciences, Bangalore is approved as a Scientific Research Association for purposes of section 35(1)(ii) of the Income-tax Act, read with rule 6(ii). The approval is subject to maintaining a separate account for sums received for medical research and furnishing annual returns of scientific research activities to the prescribed authority in the form and by the date specified.
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Provisions expressly mentioned in the judgment/order text.
Scientific Research Association approval requires separate research accounts and annual returns to the prescribed authority.
The National Institute of Mental Health and Neuro Sciences, Bangalore is approved as a Scientific Research Association for purposes of section 35(1)(ii) of the Income-tax Act, read with rule 6(ii). The approval is subject to maintaining a separate account for sums received for medical research and furnishing annual returns of scientific research activities to the prescribed authority in the form and by the date specified.
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