Approval as scientific research association: recognition tied to separate research accounts, annual reporting, and audited account submission. The Muscular Dystrophy Society, Bombay is approved as a scientific research association for tax recognition subject to maintaining a separate account for research funds, filing annual returns of research activities to the approving council by 31st May in prescribed form, and sending annual audited accounts to both the council and the concerned income-tax commissioner by the same deadline.
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: recognition tied to separate research accounts, annual reporting, and audited account submission.
The Muscular Dystrophy Society, Bombay is approved as a scientific research association for tax recognition subject to maintaining a separate account for research funds, filing annual returns of research activities to the approving council by 31st May in prescribed form, and sending annual audited accounts to both the council and the concerned income-tax commissioner by the same deadline.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.