Research institution approval requires separate research accounts and annual returns to authorities, with time-limited recognition. Approval under clause (ii) of sub-section (1) of section 35 classifies The Sangeet Research Academy, Calcutta as an 'Association' for research in other natural or applied sciences, subject to maintaining a separate account for research receipts, spending those sums on the specified scientific research projects, furnishing an annual return of research activities to the prescribed authority by 30th April each year, and submitting an annual return and statement of accounts to the Commissioner of Income-tax; the approval is time-limited to a two-year period.
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 requires separate research accounts and annual returns to authorities, with time-limited recognition.
Approval under clause (ii) of sub-section (1) of section 35 classifies The Sangeet Research Academy, Calcutta as an 'Association' for research in other natural or applied sciences, subject to maintaining a separate account for research receipts, spending those sums on the specified scientific research projects, furnishing an annual return of research activities to the prescribed authority by 30th April each year, and submitting an annual return and statement of accounts to the Commissioner of Income-tax; the approval is time-limited to a two-year period.
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