Research approval conditioned on separate research accounts, annual returns, audited accounts and timely renewal application. Approval is granted to the Universal Digital Communication Research Institute, New Delhi, as an approved institution for research-related income-tax benefits under the statutory provision, subject to conditions. The Institute must maintain a separate account for research funds, file annual returns of scientific research activities by 31st May, and submit audited annual accounts and a balance sheet to the prescribed authority and tax administration by 30th June. The Institute must apply for extension of approval at least three months before expiry; late applications may be rejected.
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Provisions expressly mentioned in the judgment/order text.
Research approval conditioned on separate research accounts, annual returns, audited accounts and timely renewal application.
Approval is granted to the Universal Digital Communication Research Institute, New Delhi, as an approved institution for research-related income-tax benefits under the statutory provision, subject to conditions. The Institute must maintain a separate account for research funds, file annual returns of scientific research activities by 31st May, and submit audited annual accounts and a balance sheet to the prescribed authority and tax administration by 30th June. The Institute must apply for extension of approval at least three months before expiry; late applications may be rejected.
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