Application for entering into an agreement with the Department of Scientific and Industrial research for co-operation in In-house research development facility

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....; Address   7. (a) Nature of business of the company • Business of Biotechnology • Manufacture/production of eligible article or thing, which is not specified in Schedule XIII (b) If answer to (a) above is manufacture/production of eligible article or thing, please specify product   8. Annual production of eligible products during the past three tax years:   Sl. No. Tax year Annual production (i)     (ii)     (iii)     9. Annual expenditure on scientific research for the past three tax years:   Sl. No. (A) Tax year (B) Expenditure in Land & Building (C) Capital Expenditure&nbsp....

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....The First Party shall co-operate fully in carrying out Research & Development work and maintain separate accounts for capital and revenue expenditure, which shall be annually audited as prescribed, and a copy of which has to be attached with the return of income under section 263(1)(a) for each tax year in order to claim deduction under section 45(2), 4. Subject to the First Party meeting the conditions specified under section 45(2), and on being satisfied of the feasibility of the said in-house Research and Development facility in terms of its objectives and of the genuineness of the expenditure on said Research and Development facility by the First Party, the Second Party shall submit its report/s in relation to the approval of the sai....

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.... 6. Ensure that the company shall reflect the capital and revenue expenditure on in-house research and development facility in the schedules/notes to accounts in the audited financial statement of the company prepared for the purposes of its annual report and for the purposes of computation of income-tax. 7. Submit the information as per Annexure-I and Annexure-II annually on or before the due date of filing of the return of income specified under section 263(1)(c). 8. Ensure that the assets acquired by the approved facility are used only for approved purposes and shall not be disposed of without the approval of Secretary, Department of Scientific and Industrial Research. Signature of the Principal Officer of the company Place....

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....al   ........   ........ ........ ........ ........ ........ C. Revenue expenditure: (a) .............. (b) .............. (c) .............. Total   .......... .......... .......... .......... 4. Total expenditure on the approved research and development centre (excluding land and building)   5. If any asset acquired in respect of development of scientific research and development facility is disposed of/transferred Yes/No 6. If answer to 5 is Yes, then whether approval has been taken from Secretary, Department of Scientific and Industrial Research Yes/No (refer Note 3) 7. Details of such assets disposed of/transf....