Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Scientific research deduction conditions govern company approval, compliance, prototype sales, and monitoring for tax exemption eligibility. Deduction under section 80-IB(8A) is limited to companies engaged in scientific research and development that satisfy registration, infrastructure, research programme, exclusivity of activity, and filing conditions, and seek approval from the prescribed authority. Approved companies must obtain permission for sale of prototypes or outputs, report changes in constitutional documents, seek extension before expiry, maintain cost monitoring, and comply with the approval process, including submission of specified documents and responsiveness to further information requests.
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.
Scientific research deduction conditions govern company approval, compliance, prototype sales, and monitoring for tax exemption eligibility.
Deduction under section 80-IB(8A) is limited to companies engaged in scientific research and development that satisfy registration, infrastructure, research programme, exclusivity of activity, and filing conditions, and seek approval from the prescribed authority. Approved companies must obtain permission for sale of prototypes or outputs, report changes in constitutional documents, seek extension before expiry, maintain cost monitoring, and comply with the approval process, including submission of specified documents and responsiveness to further information requests.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
