Scientific research deduction approval requires audit, separate accounts, annual reporting, and genuine research activity compliance. Approval for deduction of expenditure on scientific research under section 45(4) depends on compliance by research associations and universities, colleges or other institutions. The conditions include a sole research object, conduct of research by the applicant itself or through faculty or enrolled students, maintenance of books of account, audit by an accountant, filing of audit reports and separate statements of donations and research utilisation, and annual reporting of research work, publications, patents and future programmes. Failure to comply, cessation of genuine research activity, or breach of approval conditions may trigger a report to the Central Government.
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 approval requires audit, separate accounts, annual reporting, and genuine research activity compliance.
Approval for deduction of expenditure on scientific research under section 45(4) depends on compliance by research associations and universities, colleges or other institutions. The conditions include a sole research object, conduct of research by the applicant itself or through faculty or enrolled students, maintenance of books of account, audit by an accountant, filing of audit reports and separate statements of donations and research utilisation, and annual reporting of research work, publications, patents and future programmes. Failure to comply, cessation of genuine research activity, or breach of approval conditions may trigger a report to the Central Government.
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