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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Indian Drug Research Association Gains Approval Under Section 35(1)(ii) for Tax Benefits, Valid April 1987 to March 1988.</h1> The Indian Drug Research Association in Pune has been approved by the Department of Scientific & Industrial Research as an institution under section 35(1)(ii) of the Income-tax Act, 1961. This approval is effective from April 1, 1987, to March 31, 1988. The association must maintain separate accounts for research funds, submit annual research activity returns by May 31, and provide audited accounts and balance sheets by June 30 each year to the prescribed authority and the Central Board of Direct Taxes. They must also apply for approval extension three months before expiry to avoid rejection.