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<h1>Skill development project approval process requires prescribed application, agency verification, time-limited notification and compliance safeguards.</h1> The rule prescribes a procedural framework for approval of skill development projects: eligible companies must apply to the NSDA with prescribed documentation and notify the jurisdictional income-tax officer; the NSDA verifies applications, calls for documents, and recommends approval or rejection to the tax authority within specified timeframes; defect rectification periods and consequences for non-compliance are set; approvals are issued as time-limited notifications subject to renewal, and the tax authority may rescind notifications after affording a hearing.