Scientific Research Association approval: conditional tax recognition requiring separate research accounts, annual returns, audited accounts and import clearance. Approval is granted to Escorts Heart Institute and Research Centre as a Scientific Research Association for tax purposes, conditional on maintaining a separate account for research receipts, furnishing annual returns of research activities and an annual audited statement of accounts to the Indian Council of Medical Research by 31 May with a copy to the Income-tax Commissioner, obtaining Government clearance before importing specified gifted equipment, and subject to a two-year effective period from 19 June 1981 to 18 June 1983.
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Provisions expressly mentioned in the judgment/order text.
Scientific Research Association approval: conditional tax recognition requiring separate research accounts, annual returns, audited accounts and import clearance.
Approval is granted to Escorts Heart Institute and Research Centre as a Scientific Research Association for tax purposes, conditional on maintaining a separate account for research receipts, furnishing annual returns of research activities and an annual audited statement of accounts to the Indian Council of Medical Research by 31 May with a copy to the Income-tax Commissioner, obtaining Government clearance before importing specified gifted equipment, and subject to a two-year effective period from 19 June 1981 to 18 June 1983.
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