Research expenditure approval granted; association must maintain separate accounts and file annual returns and audited accounts. Approval is granted to M/s Centre for Materials for Electronics Technology as an Association for research related tax exemption, subject to maintaining separate books for research, furnishing an annual scientific research return to the Department of Scientific & Industrial Research by the prescribed deadline, and submitting audited annual accounts and audited income & expenditure accounts for research activities to designated tax and departmental authorities by the annual filing deadline; renewal applications must be made in triplicate and copies sent to the Department.
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Provisions expressly mentioned in the judgment/order text.
Research expenditure approval granted; association must maintain separate accounts and file annual returns and audited accounts.
Approval is granted to M/s Centre for Materials for Electronics Technology as an Association for research related tax exemption, subject to maintaining separate books for research, furnishing an annual scientific research return to the Department of Scientific & Industrial Research by the prescribed deadline, and submitting audited annual accounts and audited income & expenditure accounts for research activities to designated tax and departmental authorities by the annual filing deadline; renewal applications must be made in triplicate and copies sent to the Department.
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