Research approval requires associations to keep separate research accounts and file annual audited research reports. Approval is granted to M/s Centre for Earth Sciences Studies as an Association for income tax research deduction purposes, subject to maintaining separate research accounts, filing an annual return of scientific research activities with the Department of Scientific & Industrial Research by the prescribed annual deadline, submitting audited annual accounts and audited income and expenditure accounts for research activities to tax and scientific authorities and the designated assessing officer annually, and applying in advance for renewal of approval through the tax exemptions office and directly to the Department in triplicate.
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Provisions expressly mentioned in the judgment/order text.
Research approval requires associations to keep separate research accounts and file annual audited research reports.
Approval is granted to M/s Centre for Earth Sciences Studies as an Association for income tax research deduction purposes, subject to maintaining separate research accounts, filing an annual return of scientific research activities with the Department of Scientific & Industrial Research by the prescribed annual deadline, submitting audited annual accounts and audited income and expenditure accounts for research activities to tax and scientific authorities and the designated assessing officer annually, and applying in advance for renewal of approval through the tax exemptions office and directly to the Department in triplicate.
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