Research expenditure approval for an institution requires separate research accounts and prescribed annual reporting to tax authorities. Approval is granted to the Institute of Rural Management, Anand, Gujarat as an institution eligible under the research expenditure approval provision, conditional on maintaining separate accounts for scientific research, submitting prescribed annual returns of research activities, and filing audited annual accounts and balance sheets with the prescribed authority and designated tax offices by the stated annual deadlines; the institute must seek extension before approval 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.
Research expenditure approval for an institution requires separate research accounts and prescribed annual reporting to tax authorities.
Approval is granted to the Institute of Rural Management, Anand, Gujarat as an institution eligible under the research expenditure approval provision, conditional on maintaining separate accounts for scientific research, submitting prescribed annual returns of research activities, and filing audited annual accounts and balance sheets with the prescribed authority and designated tax offices by the stated annual deadlines; the institute must seek extension before approval expiry.
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