Approval for research expenditure deduction granted to Petroleum Conservation Research Association, subject to annual reporting, audited accounts, and renewal conditions. Approval is granted to the Petroleum Conservation Research Association as an approved institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to maintaining a separate account for research receipts, filing annual research returns by 30 April, submitting audited accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June, and applying to the Central Board of Direct Taxes for renewal at least three months before approval expiry; the approval period is 1 April 1985 to 31 March 1987.
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Approval for research expenditure deduction granted to Petroleum Conservation Research Association, subject to annual reporting, audited accounts, and renewal conditions.
Approval is granted to the Petroleum Conservation Research Association as an approved institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to maintaining a separate account for research receipts, filing annual research returns by 30 April, submitting audited accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June, and applying to the Central Board of Direct Taxes for renewal at least three months before approval expiry; the approval period is 1 April 1985 to 31 March 1987.
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