Research institution approval under income tax law requires separate research accounts, annual returns and audited submissions to retain deduction eligibility. Approval under section 35 recognises M/s Nowrosjee Wadia Maternity Hospital as an Institution eligible for research deductions for 1 April 2001 to 31 March 2004, conditional on maintaining separate research accounts, filing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited research income & expenditure statements to designated tax and science authorities by 31 October, in addition to filing the income-tax return; renewal applications must be filed in triplicate through the tax exemption office and directly to the Department.
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 under income tax law requires separate research accounts, annual returns and audited submissions to retain deduction eligibility.
Approval under section 35 recognises M/s Nowrosjee Wadia Maternity Hospital as an Institution eligible for research deductions for 1 April 2001 to 31 March 2004, conditional on maintaining separate research accounts, filing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited research income & expenditure statements to designated tax and science authorities by 31 October, in addition to filing the income-tax return; renewal applications must be filed in triplicate through the tax exemption office and directly to the Department.
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