Approval under research tax recognition requires separate research accounts and annual audited returns to tax authorities. Approval is granted to the Indian Council of Philosophical Research, Delhi, as an Institution for research-related tax recognition, subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities in prescribed forms by the specified date, and submitting audited annual accounts and balance sheet to the prescribed authority and the concerned Commissioner of Income-tax within the stated annual deadline.
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.
Approval under research tax recognition requires separate research accounts and annual audited returns to tax authorities.
Approval is granted to the Indian Council of Philosophical Research, Delhi, as an Institution for research-related tax recognition, subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities in prescribed forms by the specified date, and submitting audited annual accounts and balance sheet to the prescribed authority and the concerned Commissioner of Income-tax within the stated annual deadline.
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