Approval under section 35(1)(ii) requires institutional research recognition subject to reporting, audit and timely renewal conditions. Sangeet Research Academy, Calcutta, is approved as an Institution under the Income-tax Act research provision on condition that it maintain a separate account for research funds, file annual returns of scientific research activities by 31 May, and submit audited annual accounts and a balance-sheet with copies to the Central Board of Direct Taxes and the concerned Commissioner by 30 June each year; it must apply for extension to the Central Board at least three months before approval expiry.
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.
Approval under section 35(1)(ii) requires institutional research recognition subject to reporting, audit and timely renewal conditions.
Sangeet Research Academy, Calcutta, is approved as an Institution under the Income-tax Act research provision on condition that it maintain a separate account for research funds, file annual returns of scientific research activities by 31 May, and submit audited annual accounts and a balance-sheet with copies to the Central Board of Direct Taxes and the concerned Commissioner by 30 June each year; it must apply for extension to the Central Board at least three months before approval expiry.
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