Research expenditure approval for an institution requires separate research accounts and annual audited submissions to tax and research authorities. Approval granted to The Child's Trust Medical Research Foundation, Madras, as an institution eligible for research-related income-tax benefits, subject to conditions: maintain a separate research account; file annual scientific research returns to the Department of Scientific and Industrial Research by 31st May; submit audited annual accounts to specified tax and research authorities by 30th June; and apply in triplicate through the local tax authority for extension three months before expiry while providing six copies to the Department for renewal.
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 annual audited submissions to tax and research authorities.
Approval granted to The Child's Trust Medical Research Foundation, Madras, as an institution eligible for research-related income-tax benefits, subject to conditions: maintain a separate research account; file annual scientific research returns to the Department of Scientific and Industrial Research by 31st May; submit audited annual accounts to specified tax and research authorities by 30th June; and apply in triplicate through the local tax authority for extension three months before expiry while providing six copies to the Department for renewal.
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