POLICY FOR APPROVAL IN FORM 3CM u/s 35(2AB) of IT Act, 1961

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....ar in which application is made in Form 3CK.  ii. Approval is considered co-terminus with DSIR recognition.  iii. For companies not having DSIR recognized in-house R&D centre, approval is considered from the date of recognition.  iv. In case of firms having signed agreement of cooperation u/s 35 (2AB) with the Prescribed Authority for one or more R&D centers approved with D....

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.... R&D facility for which approval has been requested (excluding capital expenditure on land and building) incurred from the commencement of said preceding year, provided the company claims such capital expenditure in their I.T. return for concerned assessment year and the firm/R&D centre fulfils other conditions of approval, and provided the centre was subsequently recognized by DSIR.  vi. ....