Research association approval under section 35: tax treatment contingent on separate accounts and annual reporting compliance. Approval is granted to Vivekanand Medical Foundation and Research Centre as a Scientific research association for medical research under the Income-tax provision enabling section 35 treatment, conditioned on maintaining separate research accounts, furnishing annual returns of research activities in the prescribed form to the prescribed authority by the annual deadline, and furnishing annual audited accounts to the prescribed authority and the concerned Income-tax Commissioner by the same deadline.
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.
Research association approval under section 35: tax treatment contingent on separate accounts and annual reporting compliance.
Approval is granted to Vivekanand Medical Foundation and Research Centre as a Scientific research association for medical research under the Income-tax provision enabling section 35 treatment, conditioned on maintaining separate research accounts, furnishing annual returns of research activities in the prescribed form to the prescribed authority by the annual deadline, and furnishing annual audited accounts to the prescribed authority and the concerned Income-tax Commissioner by the same deadline.
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