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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>M. L. Shah Research Foundation approved under Section 35(1)(ii) for scientific research; must comply with reporting requirements.</h1> M. L. Shah Research Foundation for Stone Industries, Ahmedabad, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. The organization must maintain a separate account for research funds, submit annual scientific research activity returns by May 31, and provide audited annual accounts by June 30 to relevant authorities. It must apply for approval extension three months before expiry through the Director-General (Income-tax Exemptions) and submit application copies to the Department of Scientific and Industrial Research. This approval is valid from April 1, 1989, to March 31, 1990.
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