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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Karnataka Institute Approved for Scientific Research Funding Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Karnataka Institute of Applied Agricultural Research in Sameerwadi, Bijapur, Karnataka, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Department of Scientific and Industrial Research. This approval, effective from April 1, 1988, to March 31, 1989, requires the institute to maintain separate accounts for funds received for scientific research, submit annual returns of research activities, and provide audited financial statements to the prescribed authority and relevant tax bodies. The institute must apply for approval extension before the current approval expires, as late applications may be rejected.