Research exemption approval imposes separate accounts and annual reporting obligations with prescribed filing deadlines. Approval is granted to Karnataka Institute of Applied Agricultural Research as an Institution for research-related tax recognition for 1 April 1991 to 31 March 1992, conditioned on maintaining separate research accounts, filing an annual research return to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director by 30 June; guidance is given on procedure and timing for applying for extension of approval.
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Provisions expressly mentioned in the judgment/order text.
Research exemption approval imposes separate accounts and annual reporting obligations with prescribed filing deadlines.
Approval is granted to Karnataka Institute of Applied Agricultural Research as an Institution for research-related tax recognition for 1 April 1991 to 31 March 1992, conditioned on maintaining separate research accounts, filing an annual research return to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director by 30 June; guidance is given on procedure and timing for applying for extension of approval.
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