Approval as scientific research association requires separate research accounts and annual audited returns to retain tax recognition. Approval is granted to the All India Heart Foundation as a scientific research association under section 35(1)(ii), conditional on maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 31st May each year in the prescribed form, and submitting the annual audited statement of accounts to the Council and the concerned Income-tax Commissioner.
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.
Approval as scientific research association requires separate research accounts and annual audited returns to retain tax recognition.
Approval is granted to the All India Heart Foundation as a scientific research association under section 35(1)(ii), conditional on maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 31st May each year in the prescribed form, and submitting the annual audited statement of accounts to the Council and the concerned Income-tax Commissioner.
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