Research institution approval requires separate research accounts and annual audited reporting to designated authorities under prescribed conditions. Approval granted to The Institution of Engineers (India), Calcutta as an Institution for research-related tax benefits, subject to maintaining separate books for research, filing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and an audited income & expenditure account for research activities to designated tax and scientific authorities and filing the return of income by 31 October each year.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval requires separate research accounts and annual audited reporting to designated authorities under prescribed conditions.
Approval granted to The Institution of Engineers (India), Calcutta as an Institution for research-related tax benefits, subject to maintaining separate books for research, filing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and an audited income & expenditure account for research activities to designated tax and scientific authorities and filing the return of income by 31 October each year.
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