Scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961 - S.O.3410 - Income Tax Act, 1961
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Research programme approval under income tax research provisions enables sponsor funded university R&D to qualify for tax recognition. Approval under the income tax research provisions has been granted for the project titled Manufacture of Phenol/MEK from n butenes, sponsored by National Organic Chemical Industries Ltd., to be undertaken by Bombay University (Department of Chemical Technology), with specified commencement and completion dates, an estimated outlay and advance payments noted, and confirmation that the university department holds prior institutional approval under the income tax recognition regime.
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 programme approval under income tax research provisions enables sponsor funded university R&D to qualify for tax recognition.
Approval under the income tax research provisions has been granted for the project titled Manufacture of Phenol/MEK from n butenes, sponsored by National Organic Chemical Industries Ltd., to be undertaken by Bombay University (Department of Chemical Technology), with specified commencement and completion dates, an estimated outlay and advance payments noted, and confirmation that the university department holds prior institutional approval under the income tax recognition regime.
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