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of <h1>National Law School of India Gains Approval for Scientific Research under Section 35(1)(iii) of the Income-tax Act 1961.</h1> The National Law School of India, located in Bangalore, has been approved by the Department of Science and Technology, New Delhi, under section 35(1)(iii) of the Income-tax Act, 1961. This approval is effective from October 9, 1985, to March 31, 1987. The institution must maintain separate accounts for funds received for scientific research, submit annual returns of its research activities by April 30 each year, and provide audited accounts and balance sheets by June 30 each year. It must also apply for approval extension to the Central Board of Direct Taxes three months before the current approval expires.
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