Scientific Research Association approval permits tax recognition subject to separate research accounts and annual reporting requirements. Approval is granted to The Victoria Hospital as a Scientific Research Association under the tax regime, subject to maintenance of a separate account for research receipts and submission of an annual return of scientific research activities to the council in the prescribed form by 31st May each year; the notification specifies a limited period of effectiveness.
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Provisions expressly mentioned in the judgment/order text.
Scientific Research Association approval permits tax recognition subject to separate research accounts and annual reporting requirements.
Approval is granted to The Victoria Hospital as a Scientific Research Association under the tax regime, subject to maintenance of a separate account for research receipts and submission of an annual return of scientific research activities to the council in the prescribed form by 31st May each year; the notification specifies a limited period of effectiveness.
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