Research institution approval under income tax law subject to compliance conditions and annual reporting obligations. Approval for Vastu-Shilpa Foundation as an approved institution for scientific research under the specified income tax provisions is conditional: maintain a separate account for research receipts; furnish an annual return of scientific research activities to the prescribed authority in prescribed forms by the stated annual deadline; 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.
Research institution approval under income tax law subject to compliance conditions and annual reporting obligations.
Approval for Vastu-Shilpa Foundation as an approved institution for scientific research under the specified income tax provisions is conditional: maintain a separate account for research receipts; furnish an annual return of scientific research activities to the prescribed authority in prescribed forms by the stated annual deadline; and submit the annual return and statement of accounts to the Commissioner of Income-tax each year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.