Research institution approval requires separate research accounts and annual returns for tax recognition under income tax rules. Fie Research Institute, Ichalkaranji was approved as an institution for tax recognition in the area of other natural or applied sciences as an 'Association'; approval is time limited and conditional on maintaining separate accounts for non agricultural research, furnishing an annual return of research activities to the prescribed authority by the specified date, and submitting 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.
Research institution approval requires separate research accounts and annual returns for tax recognition under income tax rules.
Fie Research Institute, Ichalkaranji was approved as an institution for tax recognition in the area of other natural or applied sciences as an "Association"; approval is time limited and conditional on maintaining separate accounts for non agricultural research, furnishing an annual return of research activities to the prescribed authority by the specified date, and submitting the annual return and statement of accounts to the Commissioner of Income tax each year.
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