Scientific research association approval requires separate research accounts and annual audited returns to regulatory and tax authorities. The Dwarika Sangamnerkar Medical Foundation, Pune is approved as a scientific research association under section 35(1)(ii) subject to maintaining a separate account for research receipts, furnishing annual scientific research returns to the Council by 31 May in prescribed form, and submitting an annual audited statement of accounts to the Council by 31 May with a copy to the concerned Income-tax Commissioner; approval is effective for a specified three-year period beginning February 1981.
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Provisions expressly mentioned in the judgment/order text.
Scientific research association approval requires separate research accounts and annual audited returns to regulatory and tax authorities.
The Dwarika Sangamnerkar Medical Foundation, Pune is approved as a scientific research association under section 35(1)(ii) subject to maintaining a separate account for research receipts, furnishing annual scientific research returns to the Council by 31 May in prescribed form, and submitting an annual audited statement of accounts to the Council by 31 May with a copy to the concerned Income-tax Commissioner; approval is effective for a specified three-year period beginning February 1981.
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