Research institution approval requires separate research accounts, annual scientific returns, and submission of audited research accounts to authorities. Approvals under section 35(1)(ii) recognise specified organisations as institutions for tax treatment of scientific research, subject to conditions: maintain separate books for research; file an annual scientific research return to the Department of Scientific and Industrial Research by 31 May; and submit copies of audited annual accounts and audited income and expenditure accounts for research activities to designated tax and administrative authorities by 31 October, in addition to the normal 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 requires separate research accounts, annual scientific returns, and submission of audited research accounts to authorities.
Approvals under section 35(1)(ii) recognise specified organisations as institutions for tax treatment of scientific research, subject to conditions: maintain separate books for research; file an annual scientific research return to the Department of Scientific and Industrial Research by 31 May; and submit copies of audited annual accounts and audited income and expenditure accounts for research activities to designated tax and administrative authorities by 31 October, in addition to the normal income-tax return.
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