Scientific research association approval under section 35(1)(ii) with mandated separate accounts and annual audited reporting. Approval is granted to Dr. Naranji Monji Vora Charitable Trust, Bombay, as a scientific research association for medical research, subject to conditions: maintain a separate account for research funds; furnish annual returns of scientific research activities to the prescribed authority by 31st May in the stipulated form; and furnish an annual audited statement of accounts to the authority by 31st May and send a copy to the Income-tax Commissioner. The approval is effective for a specified limited period.
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.
Scientific research association approval under section 35(1)(ii) with mandated separate accounts and annual audited reporting.
Approval is granted to Dr. Naranji Monji Vora Charitable Trust, Bombay, as a scientific research association for medical research, subject to conditions: maintain a separate account for research funds; furnish annual returns of scientific research activities to the prescribed authority by 31st May in the stipulated form; and furnish an annual audited statement of accounts to the authority by 31st May and send a copy to the Income-tax Commissioner. The approval is effective for a specified limited period.
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 
