Tax approval for scientific research granted to Sri Aurobindo Institute subject to separate accounts, annual returns and audited filings. Approval granted to Sri Aurobindo Institute of Applied Scientific Research Trust as an Association for purposes of the Income-tax Act research provision, effective for the stated year, subject to conditions: maintain a separate account for scientific research receipts; furnish an annual return of scientific research activities to the Department of Scientific and Industrial Research by the prescribed deadline; and submit audited annual accounts showing income, expenditure, assets and liabilities to specified tax and departmental authorities by the prescribed yearly date. Procedures and timelines for applying for extension of approval are specified.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax approval for scientific research granted to Sri Aurobindo Institute subject to separate accounts, annual returns and audited filings.
Approval granted to Sri Aurobindo Institute of Applied Scientific Research Trust as an Association for purposes of the Income-tax Act research provision, effective for the stated year, subject to conditions: maintain a separate account for scientific research receipts; furnish an annual return of scientific research activities to the Department of Scientific and Industrial Research by the prescribed deadline; and submit audited annual accounts showing income, expenditure, assets and liabilities to specified tax and departmental authorities by the prescribed yearly date. Procedures and timelines for applying for extension of approval are specified.
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