Research institution recognition for tax purposes conditioned on separate research accounts and specified reporting obligations. Approval is granted to specified organisations as Institutions for research-related income-tax recognition, conditional on maintaining separate books for research, filing an annual scientific research return to the Department of Scientific and Industrial Research by 31st May, and submitting copies of audited annual accounts and audited research income-and-expenditure accounts to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant tax Commissioner/Director by 31st October each year, with recognition effective for the periods stated in the notification.
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 recognition for tax purposes conditioned on separate research accounts and specified reporting obligations.
Approval is granted to specified organisations as Institutions for research-related income-tax recognition, conditional on maintaining separate books for research, filing an annual scientific research return to the Department of Scientific and Industrial Research by 31st May, and submitting copies of audited annual accounts and audited research income-and-expenditure accounts to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant tax Commissioner/Director by 31st October each year, with recognition effective for the periods stated in the notification.
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