Research exemption approval under income tax law granted with conditions on accounts, annual returns, audited filings and renewal. Approval was granted to Bhausaheb Sardesai Memorial Research Foundation, Pune, as an association for income tax exemption for scientific research subject to maintaining separate research accounts, furnishing annual returns of scientific research activities to the Department of Scientific and Industrial Research by the annual deadline, submitting audited annual accounts to designated income tax and research authorities by the prescribed date, and applying in triplicate through local tax authorities for extension of approval within the required period prior to 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 exemption approval under income tax law granted with conditions on accounts, annual returns, audited filings and renewal.
Approval was granted to Bhausaheb Sardesai Memorial Research Foundation, Pune, as an association for income tax exemption for scientific research subject to maintaining separate research accounts, furnishing annual returns of scientific research activities to the Department of Scientific and Industrial Research by the annual deadline, submitting audited annual accounts to designated income tax and research authorities by the prescribed date, and applying in triplicate through local tax authorities for extension of approval within the required period prior to expiry.
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