Research institution approval under income tax provisions requires maintenance of separate research accounts and annual returns. The State Planning Institute, Lucknow, is approved as a Scientific Research Association for medical research under the income tax provisions, subject to maintaining a separate account for research receipts and furnishing annual returns of scientific research activities to the prescribed council by 15th May each year; the approval is effective for a specified two year period.
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 institution approval under income tax provisions requires maintenance of separate research accounts and annual returns.
The State Planning Institute, Lucknow, is approved as a Scientific Research Association for medical research under the income tax provisions, subject to maintaining a separate account for research receipts and furnishing annual returns of scientific research activities to the prescribed council by 15th May each year; the approval is effective for a specified two year period.
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