Research exemption approval requires separate research accounts, annual scientific returns and audited research accounts by prescribed deadlines. Approval under section 35(1) of the Income-tax Act is granted to M/s Centre for Wind Energy Technology as an Institution for 8 March 2000 to 31 March 2002, conditional on maintaining separate research accounts, furnishing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income-tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income-tax (Exemptions) by 31 October each year, alongside filing the income-tax return. Renewal applications must be made in triplicate and three copies sent to the Secretary, DSIR.
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 exemption approval requires separate research accounts, annual scientific returns and audited research accounts by prescribed deadlines.
Approval under section 35(1) of the Income-tax Act is granted to M/s Centre for Wind Energy Technology as an Institution for 8 March 2000 to 31 March 2002, conditional on maintaining separate research accounts, furnishing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income-tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income-tax (Exemptions) by 31 October each year, alongside filing the income-tax return. Renewal applications must be made in triplicate and three copies sent to the Secretary, DSIR.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
