Research institution approval grants tax-recognition subject to separate accounts, annual reporting and submission of accounts to tax authorities. Approval is granted to Adi Sankara Advaita Research Centre, Madras as an approved research institution in the category 'Association' for other natural and applied sciences, subject to maintaining separate research accounts (excluding certain fields), filing an annual scientific research return to the prescribed authority by 30 April each year, and submitting the annual return and statement of accounts to the Commissioner of Income-tax, Madras; the approval is effective for the specified calendar year.
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.
Research institution approval grants tax-recognition subject to separate accounts, annual reporting and submission of accounts to tax authorities.
Approval is granted to Adi Sankara Advaita Research Centre, Madras as an approved research institution in the category 'Association' for other natural and applied sciences, subject to maintaining separate research accounts (excluding certain fields), filing an annual scientific research return to the prescribed authority by 30 April each year, and submitting the annual return and statement of accounts to the Commissioner of Income-tax, Madras; the approval is effective for the specified calendar year.
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