Approval for scientific research association recognition requires separate research accounts and annual audited reporting to tax authorities. Approval is granted to G. Kuppuswamy Naidu Memorial Hospital as a scientific research association in medical research, subject to maintaining separate accounts for research receipts, filing annual returns of research activities to the approving Council by 31st May each year in the prescribed form, and furnishing an annual audited statement of accounts to the Council by the same date with a copy sent to the concerned Income-tax Commissioner; the approval is effective for a three-year period from December 1980 to December 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.
Approval for scientific research association recognition requires separate research accounts and annual audited reporting to tax authorities.
Approval is granted to G. Kuppuswamy Naidu Memorial Hospital as a scientific research association in medical research, subject to maintaining separate accounts for research receipts, filing annual returns of research activities to the approving Council by 31st May each year in the prescribed form, and furnishing an annual audited statement of accounts to the Council by the same date with a copy sent to the concerned Income-tax Commissioner; the approval is effective for a three-year period from December 1980 to December 1982.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
