Research institution approval requires separate research accounts, annual returns and audited accounts to prescribed authority, and timely renewal applications before expiry. Approval of the Institute of Management in Government, Trivandrum, as an approved research institution is granted conditional on maintaining a separate account for research receipts, filing annual returns of scientific research activities to the prescribed authority by the annual deadline, submitting audited annual accounts and a balance sheet with copies to the concerned tax authority by the annual deadline, and applying for extension of approval to the central tax administration several months before expiry to avoid rejection.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval requires separate research accounts, annual returns and audited accounts to prescribed authority, and timely renewal applications before expiry.
Approval of the Institute of Management in Government, Trivandrum, as an approved research institution is granted conditional on maintaining a separate account for research receipts, filing annual returns of scientific research activities to the prescribed authority by the annual deadline, submitting audited annual accounts and a balance sheet with copies to the concerned tax authority by the annual deadline, and applying for extension of approval to the central tax administration several months before expiry to avoid rejection.
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