Research institution approval under income tax enabling tax deduction eligibility subject to accounting and annual reporting requirements. Savita Research Centre, Bombay is approved as an institution under the income tax research provisions in the Association category for other natural and applied sciences, subject to maintaining separate accounts for non agricultural/non medical research receipts, furnishing an annual return of scientific research activities to the prescribed authority by 30 April, and submitting the annual return and statement of accounts to the Commissioner of Income tax. The approval is effective for three years from 16 December 1980 to 15 December 1983.
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 enabling tax deduction eligibility subject to accounting and annual reporting requirements.
Savita Research Centre, Bombay is approved as an institution under the income tax research provisions in the Association category for other natural and applied sciences, subject to maintaining separate accounts for non agricultural/non medical research receipts, furnishing an annual return of scientific research activities to the prescribed authority by 30 April, and submitting the annual return and statement of accounts to the Commissioner of Income tax. The approval is effective for three years from 16 December 1980 to 15 December 1983.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
