Research exemption approval requires separate research accounts, annual DSIR return by May and audited research accounts filed by October. M/s Dr. Reddy's Research Foundation is approved under clause (ii) of sub section (1) of section 35 read with Rule 6 as an Institution for 1.4.2001-31.3.2004, subject to maintaining separate books for research; furnishing an annual scientific research return to the Secretary, DSIR by 31 May; and submitting audited annual accounts and an audited Income & Expenditure Account for research activities to the DGIT (Exemptions), the Secretary, DSIR, and the Commissioner/Director (Exemptions) by 31 October each year, besides filing the income tax return to the designated assessing officer. Renewal applications must be made in triplicate through the Commissioner/Director and three copies sent to the Secretary, DSIR.
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Research exemption approval requires separate research accounts, annual DSIR return by May and audited research accounts filed by October.
M/s Dr. Reddy's Research Foundation is approved under clause (ii) of sub section (1) of section 35 read with Rule 6 as an Institution for 1.4.2001-31.3.2004, subject to maintaining separate books for research; furnishing an annual scientific research return to the Secretary, DSIR by 31 May; and submitting audited annual accounts and an audited Income & Expenditure Account for research activities to the DGIT (Exemptions), the Secretary, DSIR, and the Commissioner/Director (Exemptions) by 31 October each year, besides filing the income tax return to the designated assessing officer. Renewal applications must be made in triplicate through the Commissioner/Director and three copies sent to the Secretary, DSIR.
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