Research expenditure approval granted with conditional compliance and reporting obligations to retain tax benefit. Aspee Research Institute, Bombay, is approved as an Association eligible for research related income tax consideration, conditional on maintaining separate research accounts, filing annual research returns with the Department of Scientific and Industrial Research by the annual deadline, submitting audited annual accounts to tax and departmental authorities, and applying in prescribed form and number for extension through the jurisdictional tax office prior to expiry. The notification identifies the institute's address and limits the approval to a specified financial year.
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 granted with conditional compliance and reporting obligations to retain tax benefit.
Aspee Research Institute, Bombay, is approved as an Association eligible for research related income tax consideration, conditional on maintaining separate research accounts, filing annual research returns with the Department of Scientific and Industrial Research by the annual deadline, submitting audited annual accounts to tax and departmental authorities, and applying in prescribed form and number for extension through the jurisdictional tax office prior to expiry. The notification identifies the institute's address and limits the approval to a specified financial year.
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