Approval under section for research association requires separate research accounts, annual returns, and audited accounts submission. Approval is granted to Hexamar Agricultural Research and Development Foundation as an association for tax deduction for scientific research, conditional on maintaining a separate account for research funds, furnishing an annual return of research activities to the Secretary, Department of Scientific and Industrial Research by the prescribed date, and submitting audited annual accounts showing income, expenditure, assets and liabilities to specified tax and research authorities by the stated annual deadline; the notification also sets the approval period and prescribes the procedure and copy requirements for extension applications.
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.
Approval under section for research association requires separate research accounts, annual returns, and audited accounts submission.
Approval is granted to Hexamar Agricultural Research and Development Foundation as an association for tax deduction for scientific research, conditional on maintaining a separate account for research funds, furnishing an annual return of research activities to the Secretary, Department of Scientific and Industrial Research by the prescribed date, and submitting audited annual accounts showing income, expenditure, assets and liabilities to specified tax and research authorities by the stated annual deadline; the notification also sets the approval period and prescribes the procedure and copy requirements for extension applications.
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