Research institution approval requires separate accounts and annual returns to tax and prescribed authorities annually. Approval is granted to the School of Applied Research, Sangli as an approved institution for research in other natural and applied sciences (excluding agricultural, animal husbandry, fisheries and medicines), effective 3-11-1981 to 2-11-1984, subject to maintaining separate accounts for qualifying research receipts, furnishing annual scientific research returns to the prescribed authority by forms and timetable (by 30 April each year), and submitting the annual return and statement of accounts annually to the concerned Commissioner of Income-tax.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval requires separate accounts and annual returns to tax and prescribed authorities annually.
Approval is granted to the School of Applied Research, Sangli as an approved institution for research in other natural and applied sciences (excluding agricultural, animal husbandry, fisheries and medicines), effective 3-11-1981 to 2-11-1984, subject to maintaining separate accounts for qualifying research receipts, furnishing annual scientific research returns to the prescribed authority by forms and timetable (by 30 April each year), and submitting the annual return and statement of accounts annually to the concerned Commissioner of Income-tax.
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