Approval under section 35: institution granted tax-exemption status subject to separate research accounts and annual reporting obligations. Approval is granted to Sangeet Research Academy, Calcutta as an institution under section 35(1)(ii) subject to maintaining separate books for research activities and filing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by the prescribed deadline; the institution must also submit audited annual accounts and a separate audited income and expenditure account for research activities to the Director-General of Income-tax (Exemptions), the Secretary, DSIR, and the local tax authority by the prescribed deadline, in addition to its return of income.
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: institution granted tax-exemption status subject to separate research accounts and annual reporting obligations.
Approval is granted to Sangeet Research Academy, Calcutta as an institution under section 35(1)(ii) subject to maintaining separate books for research activities and filing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by the prescribed deadline; the institution must also submit audited annual accounts and a separate audited income and expenditure account for research activities to the Director-General of Income-tax (Exemptions), the Secretary, DSIR, and the local tax authority by the prescribed deadline, in addition to its return of income.
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