Expenditure on scientific research.

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..... earch; or (ii) purchase of materials used in such scientific research, where such expenditure is incurred within three years immediately preceding the commencement of business, to the extent certified by the prescribed authority as incurred on such research, expenditure shall be deemed to have been incurred in the tax year in which the business is commenced. (b) For the purposes of sub-section (1), the aggregate of capital expenditure incurred within three years immediately preceding the commencement of business shall be deemed to have been incurred in the tax year in which the business is commenced. (c)(i) A deduction shall be allowed under sub-section (1), in respect of any expenditure incurred (not being expenditure in the nature of .....

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..... in social science or statistical research; (b) a company which is-- (i) registered in India having the main object of scientific research and development; and (ii) approved by such authority, in such manner and subject to such conditions, as prescribed; (c)(i) a national laboratory; or (ii) a University; or (iii) an Indian Institute of Technology; or (iv) a specified person, with a specific direction that the said sum shall be used for scientific research undertaken under a programme approved in this behalf by the prescribed authority. (4) For the purposes of sub-section (3),-- (a) the expenditure shall be allowed subject to such conditions and on furnishing of documents in such form and manner, as prescribed; and (b) i .....

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..... be final; (b) the prescribed authority, when such question relates to any other activity, whose decision shall be final. (10) When an amalgamating company, in a scheme of amalgamation, sells or otherwise transfers to the amalgamated company (being an Indian company) any asset representing capital expenditure on scientific research, the provisions of this section shall apply to the amalgamated company as they would have applied to the amalgamating company if the latter had not so sold or otherwise transferred the asset. (11) In this section,- (a) "National Laboratory" means a scientific laboratory functioning at the national level under the aegis of the Indian Council of Agricultural Research, the Indian Council of Medical Research, th .....

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