Research institution approval under income tax section requires annual DSIR returns, audited accounts and pre-expiry renewal application. Approval is granted to F.I.A.M.C. Bio-Medical Ethics Centre as a research institution for income tax exemption from 1 April 1989 to 31 March 1990, conditional on maintaining a separate account for research receipts, furnishing annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director-General (Income-tax Exemptions), the Secretary DSIR, and the Commissioner/Director of Income-tax (Exemptions) by 30 June. Applications for extension must be made in triplicate through the jurisdictional Commissioner/Director three months before expiry with six copies to the Secretary DSIR.
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 institution approval under income tax section requires annual DSIR returns, audited accounts and pre-expiry renewal application.
Approval is granted to F.I.A.M.C. Bio-Medical Ethics Centre as a research institution for income tax exemption from 1 April 1989 to 31 March 1990, conditional on maintaining a separate account for research receipts, furnishing annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director-General (Income-tax Exemptions), the Secretary DSIR, and the Commissioner/Director of Income-tax (Exemptions) by 30 June. Applications for extension must be made in triplicate through the jurisdictional Commissioner/Director three months before expiry with six copies to the Secretary DSIR.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
