In-house research and development facility approval under income tax rules records company particulars, recognition details, and conditional approval. Approval is provided in the prescribed form for an in-house research and development facility for the relevant income-tax provision, subject to stated conditions. The form records the company's particulars, nature of business, scientific research objectives, facility location, application details, and the recognition granted by the Department of Scientific and Industrial Research, including registration number, date of recognition, and validity period.
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Provisions expressly mentioned in the judgment/order text.
In-house research and development facility approval under income tax rules records company particulars, recognition details, and conditional approval.
Approval is provided in the prescribed form for an in-house research and development facility for the relevant income-tax provision, subject to stated conditions. The form records the company's particulars, nature of business, scientific research objectives, facility location, application details, and the recognition granted by the Department of Scientific and Industrial Research, including registration number, date of recognition, and validity period.
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