Research institution approval recognises tax-deduction eligibility subject to annual returns, audited accounts, and renewal requirements. Approval designates Indian Drug Research Association, Pune, as an approved Institution for research-related tax purposes, conditional on maintaining separate research accounts, filing annual scientific-activity returns in prescribed form, and submitting audited annual accounts, income-and-expenditure statements and balance-sheets to the prescribed authority and specified tax offices by stated annual deadlines; approval is time-limited and requires timely application for extension before expiry.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval recognises tax-deduction eligibility subject to annual returns, audited accounts, and renewal requirements.
Approval designates Indian Drug Research Association, Pune, as an approved Institution for research-related tax purposes, conditional on maintaining separate research accounts, filing annual scientific-activity returns in prescribed form, and submitting audited annual accounts, income-and-expenditure statements and balance-sheets to the prescribed authority and specified tax offices by stated annual deadlines; approval is time-limited and requires timely application for extension before expiry.
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