Research exemption approval requires separate research accounts, annual DSIR return and audited research accounts submission by prescribed deadlines. Approval under Section 35(1)(ii) is granted to the Indian Register of Shipping as an Association subject to maintaining separate books for research, filing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research to designated tax and research authorities by 31 October, in addition to the regular income tax return; renewal applications must be filed in triplicate through the tax authority and sent in three copies to the research 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 exemption approval requires separate research accounts, annual DSIR return and audited research accounts submission by prescribed deadlines.
Approval under Section 35(1)(ii) is granted to the Indian Register of Shipping as an Association subject to maintaining separate books for research, filing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research to designated tax and research authorities by 31 October, in addition to the regular income tax return; renewal applications must be filed in triplicate through the tax authority and sent in three copies to the research department.
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