Procedure, Form & Approval Mechanism for Scientific Research Associations under Section 45(4)(b)

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....cases) Allows filing any time during the same tax year in two situations: • (a) From AY 2026-27 onward (transition provision), or • (b) In the year of incorporation of the entity. [ Sub rule (2) ] Time Limit for Renewal • The applicant, may, at least three months before the expiry of current approval, • Make an application to the Commissioner of Income-tax having jurisdiction over the applicant for issue of a fresh approval. [ Sub rule 16 ] (2) Manner of the Filling Form 17 • Verify the Form - The person who is authorised to verify the return of income under section 265, as applicable to the applicant shall verify Form No. 17. [ Sub rule (3) ]....

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....ich the deficiency letter is served and • If the applicant fails to remove such deficiency within the period so allowed, • the Commissioner of Income-tax shall send his recommendation for treating the application as invalid to the Member (IT), Central Board of Direct Taxes. [ Sub rule (9) ] • If Central Government satisfied, may pass an order, for reasons to be recorded in writing, treating the application as invalid. [ Sub rule (10) ] (5) Inquiry & Documentation  [ Sub rule (11) / (12) ] • If the application is complete in all respects, the Commissioner of Income-tax, • may make such inquiry as he may consider necessary regarding the genu....

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.... - Normally → Previous FY - Exception → Same year (AY 2026-27 / incorporation year) STEP 2: Initial Scrutiny by CIT --------------------------------- Is application complete? → NO    - Deficiency letter within 1 month    - Applicant gets 1 month to correct    - If not corrected → Recommended as INVALID → YES    - CIT conducts inquiry (genuineness check)    - Sends recommendation to CBDT (within 3 months) STEP 3: Central Government Decision --------------------------------- - May ask for further documents/inquiry Outcome: → Approval (Notification issued) → Rejection (....