Research association approval under tax law imposes annual reporting and separate-accounting obligations on the institution. Approval is granted to the Indian Cancer Society, Sholapur as a scientific research association for tax purposes, subject to maintenance of a separate account for medical research, annual submission of research activity returns to the prescribed Council by 31 May in the prescribed form, and furnishing the annual audited statement of accounts to the Council and the concerned Income-tax Commissioner by 31 May; approval effective for two years from 6 March 1982.
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 tax law imposes annual reporting and separate-accounting obligations on the institution.
Approval is granted to the Indian Cancer Society, Sholapur as a scientific research association for tax purposes, subject to maintenance of a separate account for medical research, annual submission of research activity returns to the prescribed Council by 31 May in the prescribed form, and furnishing the annual audited statement of accounts to the Council and the concerned Income-tax Commissioner by 31 May; approval effective for two years from 6 March 1982.
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