Approved institution status enables tax recognition for college scientific research subject to annual returns and account maintenance. Approval awarded to Ramnarain Ruia College, Bombay as an approved institution for scientific research in other natural or applied sciences, effective 1 September 1980 to 31 August 1983, subject to conditions: maintain separate accounts for research receipts (excluding certain fields); furnish annual returns of research activities to the prescribed authority in specified forms by the notified date; and submit the annual return and statement of accounts to the Commissioner of Income-tax each year.
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.
Approved institution status enables tax recognition for college scientific research subject to annual returns and account maintenance.
Approval awarded to Ramnarain Ruia College, Bombay as an approved institution for scientific research in other natural or applied sciences, effective 1 September 1980 to 31 August 1983, subject to conditions: maintain separate accounts for research receipts (excluding certain fields); furnish annual returns of research activities to the prescribed authority in specified forms by the notified date; and submit the annual return and statement of accounts to the Commissioner of Income-tax each year.
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