Research institution approval granted subject to separate research accounts, annual scientific returns and audited research account submissions. Specified organisations are approved as Institution for research deduction purposes under clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961 for stated periods. Approval is conditional on maintaining separate research accounts, filing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to designated income tax and DSIR authorities by 31 October, alongside the regular income tax return.
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 granted subject to separate research accounts, annual scientific returns and audited research account submissions.
Specified organisations are approved as Institution for research deduction purposes under clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961 for stated periods. Approval is conditional on maintaining separate research accounts, filing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to designated income tax and DSIR authorities by 31 October, alongside the regular income tax return.
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