Approval as scientific research association under income tax law imposed with specific accounting and annual reporting conditions. Approval is granted to J. K. Scientific and Medical Research Society as a scientific research association in medical research, subject to maintaining a separate account for research receipts, furnishing annual returns of research activities to the prescribed Council by 31st May in the prescribed form, and furnishing an annual audited statement of accounts to the Council by 31st May with a copy to the concerned Income-tax Commissioner; approval is effective for a specified two-year period.
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.
Approval as scientific research association under income tax law imposed with specific accounting and annual reporting conditions.
Approval is granted to J. K. Scientific and Medical Research Society as a scientific research association in medical research, subject to maintaining a separate account for research receipts, furnishing annual returns of research activities to the prescribed Council by 31st May in the prescribed form, and furnishing an annual audited statement of accounts to the Council by 31st May with a copy to the concerned Income-tax Commissioner; approval is effective for a specified two-year period.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
