Research approval under income-tax law requires institutional compliance with accounting, annual returns, and audited reporting deadlines. Approval is granted to Sri Aurobindo Society as an Institution eligible for research-expenditure exemption, subject to maintaining separate books for research, filing an annual return of scientific research activities to the research department by 31 May, and submitting audited annual accounts and audited income and expenditure accounts for exempted research activities to the tax exemption authority, the research department, and the local tax commissioner/director by 31 October, in addition to filing the return of income to the designated assessing officer.
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Provisions expressly mentioned in the judgment/order text.
Research approval under income-tax law requires institutional compliance with accounting, annual returns, and audited reporting deadlines.
Approval is granted to Sri Aurobindo Society as an Institution eligible for research-expenditure exemption, subject to maintaining separate books for research, filing an annual return of scientific research activities to the research department by 31 May, and submitting audited annual accounts and audited income and expenditure accounts for exempted research activities to the tax exemption authority, the research department, and the local tax commissioner/director by 31 October, in addition to filing the return of income to the designated assessing officer.
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