Scientific research association approval under income tax law requires separate accounts and annual audited returns. Approval is granted to Conwest Jain Clinic Group of Hospital Medical Research Society as a scientific research association under clause (ii) of subsection (1) of section 35 of the Income-tax Act, subject to conditions: maintain a separate account for medical research receipts; furnish annual scientific research returns to the prescribed council by 31st May in prescribed form; and furnish annual audited accounts with total assets and liabilities to the council by 31st May and send a copy to the concerned tax authority. The notification is effective from 31-3-1982 to 30-3-1984.
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Scientific research association approval under income tax law requires separate accounts and annual audited returns.
Approval is granted to Conwest Jain Clinic Group of Hospital Medical Research Society as a scientific research association under clause (ii) of subsection (1) of section 35 of the Income-tax Act, subject to conditions: maintain a separate account for medical research receipts; furnish annual scientific research returns to the prescribed council by 31st May in prescribed form; and furnish annual audited accounts with total assets and liabilities to the council by 31st May and send a copy to the concerned tax authority. The notification is effective from 31-3-1982 to 30-3-1984.
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