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of <h1>Approval Granted for Science & Technology Park in Sahranpur Under Section 35(1)(ii) of Income-tax Act, 1961</h1> The notification announces the approval of a Science & Technology Entrepreneurship Park in Sahranpur under section 35(1)(ii) of the Income-tax Act, 1961. The approval, effective from April 1, 1990, to March 31, 1991, requires the organization to maintain separate accounts for scientific research funds, submit annual returns of its activities by May 31, and provide audited financial accounts by June 30 each year. The organization must apply for an extension of approval three months before expiration. The notification specifies the procedural requirements for extension applications in exceptional cases.
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