Research approval for university under income tax provision requires separate accounts and annual returns to tax authorities. Perarignar Anna University of Technology, Guindy, Madras is approved as an approved institution in the university category for other natural and applied sciences research, subject to conditions: maintain separate accounts for qualifying research (excluding agriculture, animal husbandry, fisheries and medicines); furnish an annual return of scientific research activities to the prescribed authority in the prescribed form by the specified annual date; and submit the annual return and statement of accounts to the Commissioner of Income-tax, Madras. The approval is effective for a specified three year period from April 1981.
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 approval for university under income tax provision requires separate accounts and annual returns to tax authorities.
Perarignar Anna University of Technology, Guindy, Madras is approved as an approved institution in the university category for other natural and applied sciences research, subject to conditions: maintain separate accounts for qualifying research (excluding agriculture, animal husbandry, fisheries and medicines); furnish an annual return of scientific research activities to the prescribed authority in the prescribed form by the specified annual date; and submit the annual return and statement of accounts to the Commissioner of Income-tax, Madras. The approval is effective for a specified three year period from April 1981.
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