Central Government approval requirement for research-related tax deductions now governs filing, transfer, and validation processes. Amendment requires Central Government to grant approvals for research-related deductions formerly given by the prescribed authority; fresh applications for later assessment years must be filed in Form 3CF with the Central Government, and pending applications held by DGIT(E) as of the notification date for those later years are transferred to the Central Government. The DGIT(E) with the Secretary, Department of Scientific and Industrial Research remains the authority for earlier assessment years, and approvals already granted before notification for later years remain valid.
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Provisions expressly mentioned in the judgment/order text.
Central Government approval requirement for research-related tax deductions now governs filing, transfer, and validation processes.
Amendment requires Central Government to grant approvals for research-related deductions formerly given by the prescribed authority; fresh applications for later assessment years must be filed in Form 3CF with the Central Government, and pending applications held by DGIT(E) as of the notification date for those later years are transferred to the Central Government. The DGIT(E) with the Secretary, Department of Scientific and Industrial Research remains the authority for earlier assessment years, and approvals already granted before notification for later years remain valid.
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