Research institution approval requires separate research accounts, annual returns to DSIR and submission of audited annual accounts. Span Research Centre, Udhna, is approved as an Institution for the Income-tax Act research provision for 1 April 1991 to 31 March 1992, subject to maintaining separate accounts for research receipts, furnishing an annual return of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May each year, 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 local Commissioner/Director of Income-tax (Exemptions) by 30 June each 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 institution approval requires separate research accounts, annual returns to DSIR and submission of audited annual accounts.
Span Research Centre, Udhna, is approved as an Institution for the Income-tax Act research provision for 1 April 1991 to 31 March 1992, subject to maintaining separate accounts for research receipts, furnishing an annual return of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May each year, 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 local Commissioner/Director of Income-tax (Exemptions) by 30 June each year.
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