Research institution approval: tax-related recognition conditioned on separate research accounts and annual audited returns. Approval under section 35(1)(ii) was granted to Sangeet Research Academy, Calcutta, as an 'Association' in other natural and applied sciences, subject to conditions: maintain a separate account for research receipts; file annual returns of research activities by 30 April to the prescribed authority; and submit audited annual accounts showing income, expenditure, assets and liabilities to the prescribed authority by 30 June, with copies to the Commissioner of Income-tax.
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.
Research institution approval: tax-related recognition conditioned on separate research accounts and annual audited returns.
Approval under section 35(1)(ii) was granted to Sangeet Research Academy, Calcutta, as an "Association" in other natural and applied sciences, subject to conditions: maintain a separate account for research receipts; file annual returns of research activities by 30 April to the prescribed authority; and submit audited annual accounts showing income, expenditure, assets and liabilities to the prescribed authority by 30 June, with copies to the Commissioner of Income-tax.
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