Approved research institution recognition requires separate research accounts and mandated annual audited returns and renewal application. Approval granted to Tata Memorial Centre as an Association under the Income-tax Act research provision, subject to conditions: maintain separate accounts for research receipts; furnish annual returns of research activities to the prescribed authority by 30 April; submit audited annual accounts and balance sheet showing income, expenditure, assets and liabilities to the prescribed authority by 30 June with copies to the Commissioner; and apply to the tax board three months before approval expiry for extension, with late applications liable to rejection. The notification notes the approval period and office reference.
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.
Approved research institution recognition requires separate research accounts and mandated annual audited returns and renewal application.
Approval granted to Tata Memorial Centre as an Association under the Income-tax Act research provision, subject to conditions: maintain separate accounts for research receipts; furnish annual returns of research activities to the prescribed authority by 30 April; submit audited annual accounts and balance sheet showing income, expenditure, assets and liabilities to the prescribed authority by 30 June with copies to the Commissioner; and apply to the tax board three months before approval expiry for extension, with late applications liable to rejection. The notification notes the approval period and office reference.
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