Research approval under income tax rules allows association status with deduction eligibility subject to prescribed returns and audited accounts. Approval is granted to Breach Candy Medical Research Centre as an Association for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act for the period from 1st April, 1989 to 31st March, 1990, with concurrence of the Department of Scientific and Industrial Research. Conditions require maintenance of separate research accounts; filing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31st May; submission of audited annual accounts to the Director General (Income tax Exemptions), the Secretary DSIR and the local Commissioner/Director by 30th June; and procedural requirements for applying in triplicate for extension through the local tax authority and supplying six copies to the Secretary DSIR.
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Research approval under income tax rules allows association status with deduction eligibility subject to prescribed returns and audited accounts.
Approval is granted to Breach Candy Medical Research Centre as an Association for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act for the period from 1st April, 1989 to 31st March, 1990, with concurrence of the Department of Scientific and Industrial Research. Conditions require maintenance of separate research accounts; filing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31st May; submission of audited annual accounts to the Director General (Income tax Exemptions), the Secretary DSIR and the local Commissioner/Director by 30th June; and procedural requirements for applying in triplicate for extension through the local tax authority and supplying six copies to the Secretary DSIR.
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