Research institution approval requires separate research accounts and annual audited submissions to tax and science departments by prescribed deadlines. M/s Computer Society of India is approved as an Institution under clause (ii) of section 35(1) for the stated period, subject to conditions: maintain separate research books; submit an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May; and by 31 October each year furnish audited annual accounts and audited Income & Expenditure Account for research activities to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director of Income Tax (Exemptions), in addition to filing the income tax return with the designated assessing officer. Renewal applications must be filed in triplicate through the tax authority and sent to the Secretary, DSIR.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval requires separate research accounts and annual audited submissions to tax and science departments by prescribed deadlines.
M/s Computer Society of India is approved as an Institution under clause (ii) of section 35(1) for the stated period, subject to conditions: maintain separate research books; submit an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May; and by 31 October each year furnish audited annual accounts and audited Income & Expenditure Account for research activities to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director of Income Tax (Exemptions), in addition to filing the income tax return with the designated assessing officer. Renewal applications must be filed in triplicate through the tax authority and sent to the Secretary, DSIR.
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