Research exemption approval requires annual audited accounts and scientific activity returns and renewal application procedure. Approval is granted to the Centre for Policy Studies under section 35(1)(iii) subject to conditions: it must maintain separate books for research activities; file an annual return of scientific research activities to the Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and an audited income & expenditure account for research activities to the Director General of Income-tax (Exemptions), the Secretary of DSIR, and the jurisdictional Commissioner/Director of Income-tax (Exemptions) by 31 October each year. The institution should apply in triplicate for renewal through the designated tax exemption office.
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 exemption approval requires annual audited accounts and scientific activity returns and renewal application procedure.
Approval is granted to the Centre for Policy Studies under section 35(1)(iii) subject to conditions: it must maintain separate books for research activities; file an annual return of scientific research activities to the Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and an audited income & expenditure account for research activities to the Director General of Income-tax (Exemptions), the Secretary of DSIR, and the jurisdictional Commissioner/Director of Income-tax (Exemptions) by 31 October each year. The institution should apply in triplicate for renewal through the designated tax exemption office.
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