Research-expenditure approval requires approved institutions to maintain separate research accounts and annual audited returns to authority. Guha Institute of Biochemistry, Calcutta is approved as an approved institution for research expenditure purposes, conditional on maintaining a separate research account, filing annual returns of scientific research activities by 30th April, and submitting audited annual accounts with income and expenditure statements and a balance sheet to the prescribed authority and Commissioner of Income-tax by 30th June; approval is effective for the specified limited period.
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Provisions expressly mentioned in the judgment/order text.
Research-expenditure approval requires approved institutions to maintain separate research accounts and annual audited returns to authority.
Guha Institute of Biochemistry, Calcutta is approved as an approved institution for research expenditure purposes, conditional on maintaining a separate research account, filing annual returns of scientific research activities by 30th April, and submitting audited annual accounts with income and expenditure statements and a balance sheet to the prescribed authority and Commissioner of Income-tax by 30th June; approval is effective for the specified limited period.
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