Notification: S.O.2434
Section(s) Referred: 35 ,35(1) ,35(1)(ii)
Statute: INCOME TAX
Date of Issue: 3/6/1981
It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the Income-tax Rules, 1962, under the category, ” Institution ” in the areas of other natural and applied sciences, subject to the following conditions :–
(i) That the Sangit Mahabharati, Bombay, will maintain a separate account of the sums received by it for scientific research in the field of natural and applied sciences other than agriculture/animal husbandry/fisheries and medicines and specially in regard to this approval.
(ii) Collect sums approximately Rs. 6 lakhs (Rupees six lakhs) during the three
years of approval and will spend the same on equipment and associated staff salaries for carrying out five projects submitted to the department,
viz.: (1) Jawari-Processing Technique, (2) Tabla ; Syahi application technique & reverse application technique,
(3) Seasoning process for instruments. (4) Evdoing method for Dehydrating of music instruments, and (5) Electronics metronome. The sums collected will not be spent on construction of building.
(iii) That the said Mahabharati will furnish annual return of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose by 30th April, each year.
(iv) That the said Mahabharati will submit the annual return and statement of accounts to the Commissioner of Income-tax, for every year.
Institution
Sangit Mahabharati, Bombay.
This notification is effective for a period of three years from 8-3-1981 to 7-3-1984.
[No. 4007/F. No. 203/69/79–ITA–II)]
