Research association approval granted; tax benefits conditioned on maintaining separate research accounts and filing annual audited returns. Approval of The Eye Research Centre, Madras as a Scientific Research Association under section 35(1)(ii) is subject to maintaining separate accounts for medical research, filing annual scientific-activity returns and submitting annual audited accounts to the prescribed authority by 31st May each year, with a copy to the concerned Income-tax Commissioner; approval effective for the specified two-year 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.
Research association approval granted; tax benefits conditioned on maintaining separate research accounts and filing annual audited returns.
Approval of The Eye Research Centre, Madras as a Scientific Research Association under section 35(1)(ii) is subject to maintaining separate accounts for medical research, filing annual scientific-activity returns and submitting annual audited accounts to the prescribed authority by 31st May each year, with a copy to the concerned Income-tax Commissioner; approval effective for the specified two-year period.
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