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of <h1>National Labour Law Association Gains Tax Approval Under Section 35(1)(iii) for Scientific Research Funding Compliance</h1> The National Labour Law Association in New Delhi has been approved by the Department of Scientific and Industrial Research under section 35(1)(iii) of the Income-tax Act, 1961, effective from April 1, 1988, to March 31, 1989. The approval requires the association 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, Central Board of Direct Taxes, and other relevant tax authorities. The association must also apply for approval extension three months prior to expiration, with late applications subject to rejection.
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