Recognition as scientific research association grants tax-related status subject to separate research accounts and annual reporting. Approval recognises Amala Cancer Hospital Society as a scientific research association for medical research under the Income-tax Act, conditional on maintaining a separate account for research receipts, furnishing annual returns of scientific research activity in a prescribed form, and filing an annual audited statement of accounts with the prescribed authority and the concerned tax commissioner. The approval is granted for a specified two-year period and requires compliance with the listed administrative and reporting obligations to maintain the categorisation.
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.
Recognition as scientific research association grants tax-related status subject to separate research accounts and annual reporting.
Approval recognises Amala Cancer Hospital Society as a scientific research association for medical research under the Income-tax Act, conditional on maintaining a separate account for research receipts, furnishing annual returns of scientific research activity in a prescribed form, and filing an annual audited statement of accounts with the prescribed authority and the concerned tax commissioner. The approval is granted for a specified two-year period and requires compliance with the listed administrative and reporting obligations to maintain the categorisation.
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