Prescribed authority and process of approval for expenditure on scientific research under section 45(3)(c)

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.... [ Rule 30 ] Prescribed authority [ Rule 30(1) ] • For scientific research programs under section 45(3)(c)(i)-(iii), the approving authority is: • Head of a National Laboratory, or • Head of a University, or • Head of an Indian Institute of Technology (IIT) • For section 45(3)(c)(iv), the authority is: â€....

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....s been approved by him. [ Rule 30(5) ] Application for Renewal - The sponsor, may, at least three months before the expiry of the effective period of the order passed under sub-rule (4), make an application to the prescribed authority for passing a fresh order. [ Rule 30(9) ] Conditions for approval [ Rule 30(7) ] Approval of a scientific research programme under section 45....

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....ssioner of Income-tax having jurisdiction over the sponsor on or before the due date specified in section 263(1)(c) for furnishing the return of income, for each succeeding tax year; • (d) Reporting Requirement  • the following information or statement or report shall be submitted to the Chief Commissioner of Income-tax having jurisdiction over the sponsor:....

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....¢ (C) a copy of the audited statement of accounts for the approved programme, by the Head of the National Laboratory, University or Indian Institute of Technology or the Principal Scientific Adviser to the Government of India, within six months of the completion of the programme; • (e) No extension or cost escalation • the prescribed authority shall not extend the dura....