Research institution approval under income-tax provision - conditional on separate accounts, annual returns, audited accounts and renewal request. Approval is granted to Bakul Finechem Research Centre, Bombay, as an approved institution under the income-tax provision for scientific research, categorised as an 'Association', effective 1-4-1985 to 31-3-1987, subject to conditions: maintain separate research accounts; furnish annual scientific research returns to the prescribed authority by 30th April; submit audited annual accounts and balance-sheet to the prescribed authority and Commissioner of Income-tax by 30th June; and apply to the Central Board of Direct Taxes three months before expiry for extension, with late applications liable to rejection.
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Research institution approval under income-tax provision - conditional on separate accounts, annual returns, audited accounts and renewal request.
Approval is granted to Bakul Finechem Research Centre, Bombay, as an approved institution under the income-tax provision for scientific research, categorised as an "Association", effective 1-4-1985 to 31-3-1987, subject to conditions: maintain separate research accounts; furnish annual scientific research returns to the prescribed authority by 30th April; submit audited annual accounts and balance-sheet to the prescribed authority and Commissioner of Income-tax by 30th June; and apply to the Central Board of Direct Taxes three months before expiry for extension, with late applications liable to rejection.
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