Scientific research report requirements for companies cover R&D facilities, DSIR recognition, expenditure details, and asset disposal approvals. Prescribes a report to be submitted by the prescribed authority to the Chief Commissioner of Income-tax for a company engaged in biotechnology business or manufacture or production of an eligible article or thing. The form calls for particulars of the company and its principal officer, the relationship of the business to proposed scientific research, details of in-house research and development facilities, DSIR recognition, co-operation and audit arrangements, annual production, tax-year-wise research and development expenditure, disposal or transfer of research assets, and any required approval from the Secretary, Department of Scientific and Industrial Research.
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Provisions expressly mentioned in the judgment/order text.
Scientific research report requirements for companies cover R&D facilities, DSIR recognition, expenditure details, and asset disposal approvals.
Prescribes a report to be submitted by the prescribed authority to the Chief Commissioner of Income-tax for a company engaged in biotechnology business or manufacture or production of an eligible article or thing. The form calls for particulars of the company and its principal officer, the relationship of the business to proposed scientific research, details of in-house research and development facilities, DSIR recognition, co-operation and audit arrangements, annual production, tax-year-wise research and development expenditure, disposal or transfer of research assets, and any required approval from the Secretary, Department of Scientific and Industrial Research.
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