Approved scientific research association status requires separate research accounts, annual returns and audited statements to authorities. Approval under section 35 is granted to Lokmanya Medical Foundation Research Centre, Pune, as a scientific research association, conditional on maintaining separate accounts for research receipts, furnishing annual returns of research activities to the prescribed authority by 31st May in the prescribed form, and furnishing an annual audited statement of accounts by 31st May with 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.
Approved scientific research association status requires separate research accounts, annual returns and audited statements to authorities.
Approval under section 35 is granted to Lokmanya Medical Foundation Research Centre, Pune, as a scientific research association, conditional on maintaining separate accounts for research receipts, furnishing annual returns of research activities to the prescribed authority by 31st May in the prescribed form, and furnishing an annual audited statement of accounts by 31st May with a copy to the concerned Income-tax Commissioner.
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