Approved research institution status affects tax deduction eligibility and compliance obligations for scientific research entities. Approval is granted to VMA Oilseeds Research and Development Institute, New Delhi, as an approved institution for qualification under the provision for scientific research expenditure, subject to maintaining separate accounts for research receipts, furnishing annual returns of research activities by 31st May, submitting audited accounts and balance sheet to the prescribed authority and tax administration by 30th June, and applying for extension of approval at least three months before expiry.
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 status affects tax deduction eligibility and compliance obligations for scientific research entities.
Approval is granted to VMA Oilseeds Research and Development Institute, New Delhi, as an approved institution for qualification under the provision for scientific research expenditure, subject to maintaining separate accounts for research receipts, furnishing annual returns of research activities by 31st May, submitting audited accounts and balance sheet to the prescribed authority and tax administration by 30th June, and applying for extension of approval at least three months before expiry.
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