Approval under section 35: institution must keep separate accounts and spend funds on approved research projects. Approval under section 35(1)(ii) was granted to Sangit Mahabharati, Bombay as an Institution for natural and applied sciences, subject to maintaining separate accounts for research funds, collecting and expending specified sums on equipment and staff for five named projects (excluding building construction), filing annual returns of research activities to the prescribed authority by 30 April each year, and submitting annual returns and accounts to the Commissioner of Income-tax for the three-year approval 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.
Approval under section 35: institution must keep separate accounts and spend funds on approved research projects.
Approval under section 35(1)(ii) was granted to Sangit Mahabharati, Bombay as an Institution for natural and applied sciences, subject to maintaining separate accounts for research funds, collecting and expending specified sums on equipment and staff for five named projects (excluding building construction), filing annual returns of research activities to the prescribed authority by 30 April each year, and submitting annual returns and accounts to the Commissioner of Income-tax for the three-year approval period.
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