Approval for corporate scientific research: new rules set prescribed authority, application form, timelines and compliance obligations. Rule 5F prescribes that the Chief Commissioner is the authority for approvals under clause (iia) of section 35; companies must apply in duplicate in Form No. 3CF-III to the Commissioner, who checks completeness, may inquire and forward recommendations; the Chief Commissioner may grant, reject or withdraw approval after calling for documents or inquiries. Approvals require that sums be used for scientific research undertaken by the company's own employees and assets, that separate audited accounts and a certified statement of donations and use be maintained and annually reported, and that non-compliance may be reported and acted upon following opportunity to be heard.
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 for corporate scientific research: new rules set prescribed authority, application form, timelines and compliance obligations.
Rule 5F prescribes that the Chief Commissioner is the authority for approvals under clause (iia) of section 35; companies must apply in duplicate in Form No. 3CF-III to the Commissioner, who checks completeness, may inquire and forward recommendations; the Chief Commissioner may grant, reject or withdraw approval after calling for documents or inquiries. Approvals require that sums be used for scientific research undertaken by the company's own employees and assets, that separate audited accounts and a certified statement of donations and use be maintained and annually reported, and that non-compliance may be reported and acted upon following opportunity to be heard.
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