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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Birla Economic Research Foundation Approved for Scientific Research Under Section 35(1)(iii) of Income-tax Act, 1961</h1> The Birla Economic Research Foundation in Calcutta has been approved under section 35(1)(iii) of the Income-tax Act, 1961, for scientific research purposes. This approval, effective from April 1, 1988, to March 31, 1989, mandates the foundation to maintain separate accounts for research funds, submit annual returns of scientific activities by May 31, and provide audited accounts and balance sheets by June 30 to relevant authorities. The foundation must also apply for approval extension before expiry, with late applications subject to rejection. The notification was issued by the Department of Scientific and Industrial Research, New Delhi.