Research institution approval under section 35(1)(ii) requires separate accounts, annual audited returns, and timely renewal application. Approval is granted to Santal Paharia Seva Mandal as an institution for research-related tax recognition, conditional on maintaining a separate account for research receipts, furnishing annual returns of research activities by 31 May, submitting audited annual accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June, and applying for extension at least three months before expiry; the approval is effective from 1 January 1987 to 31 March 1988.
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Research institution approval under section 35(1)(ii) requires separate accounts, annual audited returns, and timely renewal application.
Approval is granted to Santal Paharia Seva Mandal as an institution for research-related tax recognition, conditional on maintaining a separate account for research receipts, furnishing annual returns of research activities by 31 May, submitting audited annual accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June, and applying for extension at least three months before expiry; the approval is effective from 1 January 1987 to 31 March 1988.
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