Research association approval requires separate research accounts and audited annual returns to the tax authority by specified deadlines. Approval is granted to Man-made Textile Research Association, Surat as an approved institution for income-tax research provisions for the period 16-4-83 to 15-4-1986, subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30th April each year; and submit audited annual accounts and balance-sheet to the prescribed authority by 30th June each year with copies to the Commissioner of Income-tax.
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 requires separate research accounts and audited annual returns to the tax authority by specified deadlines.
Approval is granted to Man-made Textile Research Association, Surat as an approved institution for income-tax research provisions for the period 16-4-83 to 15-4-1986, subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30th April each year; and submit audited annual accounts and balance-sheet to the prescribed authority by 30th June each year with copies to the Commissioner of Income-tax.
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