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of <h1>Banasthali Vidyapith Recognized Under Income-tax Act Section 35(1)(ii) for Scientific Research; Compliance Required for Extension</h1> The notification announces the approval of Banasthali Vidyapith, Rajasthan, as a recognized institution under section 35(1)(ii) of the Income-tax Act, 1961, by the Department of Scientific and Industrial Research, New Delhi. The approval is effective from January 24, 1986, to March 31, 1989. The institution must maintain separate accounts for scientific research funds, submit annual returns and audited accounts by specified dates, and apply for approval extension three months before expiration. Failure to comply with these conditions may result in rejection of extension applications.
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