Approval under section 35(1)(ii): scientific research association status requires separate research accounts, annual returns and audited accounts, with limited period validity. Approval is granted to Bandra Holy Family Hospital Society as a scientific research association for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, subject to maintaining a separate account for research receipts and furnishing annual scientific activity returns and audited annual accounts to the prescribed Council and the concerned Income tax Commissioner within prescribed timelines.
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 requires separate research accounts, annual returns and audited accounts, with limited period validity.
Approval is granted to Bandra Holy Family Hospital Society as a scientific research association for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, subject to maintaining a separate account for research receipts and furnishing annual scientific activity returns and audited annual accounts to the prescribed Council and the concerned Income tax Commissioner within prescribed timelines.
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