Approval for scientific research institution status imposes separate research accounts, annual reporting, and audited account submission requirements. Approval is granted to the Centre for Policy Research as an Institution under clause (ii) of sub section (1) of section 35, conditioned on maintaining a separate account for research receipts, furnishing annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director General of Income tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the Commissioner/Director of Income tax (Exemptions) having jurisdiction, by 30th June each year.
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Provisions expressly mentioned in the judgment/order text.
Approval for scientific research institution status imposes separate research accounts, annual reporting, and audited account submission requirements.
Approval is granted to the Centre for Policy Research as an Institution under clause (ii) of sub section (1) of section 35, conditioned on maintaining a separate account for research receipts, furnishing annual returns of research activities to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director General of Income tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the Commissioner/Director of Income tax (Exemptions) having jurisdiction, by 30th June each year.
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