Scientific research association approval requires separate research accounts and annual audited returns to tax authorities. Approval of the Indian Academy of Cytologists, Bombay as a scientific research association is conditional on maintaining separate accounts for research funds; furnishing annual returns of scientific research activities to the prescribed authority by 31 May in the prescribed form; and furnishing an annual audited statement of accounts to the authority by 31 May each year and sending a copy to the concerned Income tax Commissioner.
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 requires separate research accounts and annual audited returns to tax authorities.
Approval of the Indian Academy of Cytologists, Bombay as a scientific research association is conditional on maintaining separate accounts for research funds; furnishing annual returns of scientific research activities to the prescribed authority by 31 May in the prescribed form; and furnishing an annual audited statement of accounts to the authority by 31 May each year and sending a copy to the concerned Income tax Commissioner.
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