Approval under section 35(1)(ii): scientific research association status with mandatory accounting and annual reporting obligations. Approval is granted to the National Heart Foundation, Bombay as a scientific research association for tax purposes, subject to maintaining a separate account for medical research funds, furnishing annual returns of scientific research activities to the Indian Council of Medical Research by 31st May in the prescribed form, and providing an annual audited statement of accounts to the Council and a copy to the Income-tax Commissioner by the same date. The approval is effective for two years from 18-6-1981 to 18-6-1983.
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 under section 35(1)(ii): scientific research association status with mandatory accounting and annual reporting obligations.
Approval is granted to the National Heart Foundation, Bombay as a scientific research association for tax purposes, subject to maintaining a separate account for medical research funds, furnishing annual returns of scientific research activities to the Indian Council of Medical Research by 31st May in the prescribed form, and providing an annual audited statement of accounts to the Council and a copy to the Income-tax Commissioner by the same date. The approval is effective for two years from 18-6-1981 to 18-6-1983.
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 
