Scientific research association approval under section 35 requires separate research accounts and annual audited returns to authorities. The National Kidney Foundation (India), Bombay is approved as a scientific research association under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, subject to maintaining separate research accounts, filing annual research activity returns to the Indian Council of Medical Research by 31st May, and furnishing annual audited accounts to the Council and the Income-tax Commissioner by 31st May.
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 under section 35 requires separate research accounts and annual audited returns to authorities.
The National Kidney Foundation (India), Bombay is approved as a scientific research association under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, subject to maintaining separate research accounts, filing annual research activity returns to the Indian Council of Medical Research by 31st May, and furnishing annual audited accounts to the Council and the Income-tax Commissioner by 31st May.
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