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of <h1>Sangit Mahabharati Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961; Funds to Focus on Music Technology Projects</h1> The institution Sangit Mahabharati in Bombay has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research in natural and applied sciences, excluding agriculture, animal husbandry, fisheries, and medicine. The approval is valid from March 8, 1981, to March 7, 1984. The institution must maintain a separate account for funds received, collect approximately Rs. 6 lakhs over three years, and allocate these funds to specific projects related to music instrument techniques and technology. Annual returns and statements of accounts must be submitted to the prescribed authority and the Commissioner of Income-tax by April 30 each year.
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