Research association approval under section 35(1)(ii) grants tax-recognition subject to account, reporting, and audit conditions. Approval is granted to N. M. Wadia Institute of Cardiology as a Scientific Research Association for medical research, conditioned on maintaining a separate account for research receipts, furnishing an annual prescribed return of scientific research activities by 31st May each year, and providing a copy of the annual audited statement of accounts to the prescribed authority by 31st May with an additional copy to the concerned Income-tax Commissioner; the recognition is effective from 15-10-1980 to 14-10-1983.
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 association approval under section 35(1)(ii) grants tax-recognition subject to account, reporting, and audit conditions.
Approval is granted to N. M. Wadia Institute of Cardiology as a Scientific Research Association for medical research, conditioned on maintaining a separate account for research receipts, furnishing an annual prescribed return of scientific research activities by 31st May each year, and providing a copy of the annual audited statement of accounts to the prescribed authority by 31st May with an additional copy to the concerned Income-tax Commissioner; the recognition is effective from 15-10-1980 to 14-10-1983.
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