Approval under section 35(1)(ii): institute granted research-association status subject to accounting, reporting and renewal conditions. Approval under section 35(1)(ii) was granted to Lal Chand Agro Research Institute as an Association on condition that it maintain separate accounts for research receipts, furnish annual returns of scientific research activities by 31st May, and submit audited annual accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes, and the concerned Commissioner by 30th June. The Institute must seek extension from the Central Board of Direct Taxes at least three months before approval expiry; late applications may be rejected.
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Approval under section 35(1)(ii): institute granted research-association status subject to accounting, reporting and renewal conditions.
Approval under section 35(1)(ii) was granted to Lal Chand Agro Research Institute as an Association on condition that it maintain separate accounts for research receipts, furnish annual returns of scientific research activities by 31st May, and submit audited annual accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes, and the concerned Commissioner by 30th June. The Institute must seek extension from the Central Board of Direct Taxes at least three months before approval expiry; late applications may be rejected.
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