Research approval for scientific expenditure grants institutional tax recognition subject to separate accounts, annual returns, audited accounts, and renewal. Approval is granted to the Institute of Management in Government, Trivandrum, as an Institution for income-tax purposes for scientific research expenditure, conditional on maintaining separate research accounts, filing annual returns of research activities by 31st May, submitting audited accounts and balance-sheet to the prescribed and tax authorities by 30th June, and applying for extension of approval before expiry, with late applications liable to be rejected.
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Provisions expressly mentioned in the judgment/order text.
Research approval for scientific expenditure grants institutional tax recognition subject to separate accounts, annual returns, audited accounts, and renewal.
Approval is granted to the Institute of Management in Government, Trivandrum, as an Institution for income-tax purposes for scientific research expenditure, conditional on maintaining separate research accounts, filing annual returns of research activities by 31st May, submitting audited accounts and balance-sheet to the prescribed and tax authorities by 30th June, and applying for extension of approval before expiry, with late applications liable to be rejected.
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