Approval as scientific research association under tax provision enables recognition subject to separate accounts and annual audited reporting. Approval is granted to Aravind Eye Hospital of Govel Trust, Madurai as a scientific research association under the tax provision for medical research, contingent on maintaining a separate account for research receipts, furnishing an annual return of scientific research activities to the certifying council by 31st May in the prescribed form, and submitting an annual audited statement of accounts to the council by 31st May with a copy to the concerned tax commissioner; the approval is effective for a limited specified period.
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Provisions expressly mentioned in the judgment/order text.
Approval as scientific research association under tax provision enables recognition subject to separate accounts and annual audited reporting.
Approval is granted to Aravind Eye Hospital of Govel Trust, Madurai as a scientific research association under the tax provision for medical research, contingent on maintaining a separate account for research receipts, furnishing an annual return of scientific research activities to the certifying council by 31st May in the prescribed form, and submitting an annual audited statement of accounts to the council by 31st May with a copy to the concerned tax commissioner; the approval is effective for a limited specified period.
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