Research approval under tax law permits deductions for payments to approved institutes subject to audit and compliance conditions. Approval is granted to Gujarat Institute of Development Research as an approved institution for research expenditure permitting payments to qualify for tax treatment where sums are utilised for social science or statistical research by faculty or enrolled students, subject to maintenance of separate books for research receipts, audit by a qualified accountant with timely submission of the audit report, and a separate auditor certified statement of donations and amounts applied for research; approval may be withdrawn for failures in accounts, audit, reporting, cessation of genuine research or non compliance with statutory conditions.
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 approval under tax law permits deductions for payments to approved institutes subject to audit and compliance conditions.
Approval is granted to Gujarat Institute of Development Research as an approved institution for research expenditure permitting payments to qualify for tax treatment where sums are utilised for social science or statistical research by faculty or enrolled students, subject to maintenance of separate books for research receipts, audit by a qualified accountant with timely submission of the audit report, and a separate auditor certified statement of donations and amounts applied for research; approval may be withdrawn for failures in accounts, audit, reporting, cessation of genuine research or non compliance with statutory conditions.
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