Approval under section 35(1)(ii) confers scientific research association status with specified accounting and reporting conditions. Mangalam, Lucknow is approved as a scientific research association for medical research subject to maintenance of a separate account for research receipts, annual return of scientific research activities to the Council by 31 May in the prescribed form, and annual audited accounts to the Council by 31 May with a copy to the concerned Income tax Commissioner. The approval is effective from 28 July 1981 to 27 July 1983.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii) confers scientific research association status with specified accounting and reporting conditions.
Mangalam, Lucknow is approved as a scientific research association for medical research subject to maintenance of a separate account for research receipts, annual return of scientific research activities to the Council by 31 May in the prescribed form, and annual audited accounts to the Council by 31 May with a copy to the concerned Income tax Commissioner. The approval is effective from 28 July 1981 to 27 July 1983.
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