Research approval under income tax grants eligibility for research deductions subject to reporting, audited accounts and renewal procedures. Approval under section 35(1)(ii) is granted to Escorts Heart Institute and Research Centre as an 'Association' on conditions: maintain separate research accounts; file annual research returns to the Secretary, Department of Scientific and Industrial Research by the prescribed deadline; submit audited annual accounts to designated tax and research authorities by the prescribed date; and apply through the jurisdictional tax office in triplicate, with additional copies to the Department, for extension within the prescribed pre expiry period.
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 approval under income tax grants eligibility for research deductions subject to reporting, audited accounts and renewal procedures.
Approval under section 35(1)(ii) is granted to Escorts Heart Institute and Research Centre as an "Association" on conditions: maintain separate research accounts; file annual research returns to the Secretary, Department of Scientific and Industrial Research by the prescribed deadline; submit audited annual accounts to designated tax and research authorities by the prescribed date; and apply through the jurisdictional tax office in triplicate, with additional copies to the Department, for extension within the prescribed pre expiry period.
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