Research institution approval under income tax law granted, subject to accounting, annual returns and audited accounts filing. Sangeet Research Academy, Calcutta, is approved as an institution for research-related tax benefits under the income tax provision for scientific research, classified as an Association in other natural and applied sciences, subject to conditions: maintain separate accounts for eligible research receipts; furnish annual returns of research activities by 30 April; and submit audited annual accounts and balance-sheets to the prescribed authority and the Commissioner of Income-tax by 30 June. The approval is effective for a one-year period from the stated commencement date.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval under income tax law granted, subject to accounting, annual returns and audited accounts filing.
Sangeet Research Academy, Calcutta, is approved as an institution for research-related tax benefits under the income tax provision for scientific research, classified as an Association in other natural and applied sciences, subject to conditions: maintain separate accounts for eligible research receipts; furnish annual returns of research activities by 30 April; and submit audited annual accounts and balance-sheets to the prescribed authority and the Commissioner of Income-tax by 30 June. The approval is effective for a one-year period from the stated commencement date.
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