Scientific research association approval under section 35(1)(ii) secures tax recognition subject to separate accounts and annual reporting obligations. Baroda Cancer Detection Centre is approved as a scientific research association for medical research, subject to conditions: maintain separate accounts for research receipts; furnish an annual return of research activities to the prescribed authority in the prescribed form by 31 May each year; and furnish the annual statement of accounts to the prescribed authority and forward a copy to the concerned Income-tax Commissioner by the same annual deadline. The 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.
Scientific research association approval under section 35(1)(ii) secures tax recognition subject to separate accounts and annual reporting obligations.
Baroda Cancer Detection Centre is approved as a scientific research association for medical research, subject to conditions: maintain separate accounts for research receipts; furnish an annual return of research activities to the prescribed authority in the prescribed form by 31 May each year; and furnish the annual statement of accounts to the prescribed authority and forward a copy to the concerned Income-tax Commissioner by the same annual deadline. The approval is effective for a specified two year period.
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