Research institution approval enables tax-related benefits subject to separate accounts, audited yearly returns and advance renewal application. The Mother's Service Society, Pondicherry, is approved as an Institution under the research-related tax provision, effective 1 April 1987 to 31 March 1989, subject to maintaining separate accounts for research funds, filing annual research activity returns to the prescribed authority by 31 May, submitting audited annual accounts and balance sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the Commissioner of Income-tax, and applying for extension to the Central Board at least three months before approval expiry.
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 enables tax-related benefits subject to separate accounts, audited yearly returns and advance renewal application.
The Mother's Service Society, Pondicherry, is approved as an Institution under the research-related tax provision, effective 1 April 1987 to 31 March 1989, subject to maintaining separate accounts for research funds, filing annual research activity returns to the prescribed authority by 31 May, submitting audited annual accounts and balance sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the Commissioner of Income-tax, and applying for extension to the Central Board at least three months before approval expiry.
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