Scientific Research Association approval requires separate research accounts and annual audited returns with reporting obligations. Approval of Goa Cancer Society as Scientific Research Association under clause (ii) of sub section (1) of section 35 of the Income tax Act, read with rule 6(ii) of the Income tax Rules, is notified subject to conditions: maintain a separate account for research receipts; furnish annual returns of research activities to the Council by 31st May; and furnish the annual audited statement of accounts to the Council by 31st May and send a copy to the concerned Income tax Commissioner. The approval is time limited to a specified period in October 1980-October 1982.
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.
Scientific Research Association approval requires separate research accounts and annual audited returns with reporting obligations.
Approval of Goa Cancer Society as Scientific Research Association under clause (ii) of sub section (1) of section 35 of the Income tax Act, read with rule 6(ii) of the Income tax Rules, is notified subject to conditions: maintain a separate account for research receipts; furnish annual returns of research activities to the Council by 31st May; and furnish the annual audited statement of accounts to the Council by 31st May and send a copy to the concerned Income tax Commissioner. The approval is time limited to a specified period in October 1980-October 1982.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
