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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Kalyani Gorakshan Trust approved for tax benefits under Section 35(1)(ii); must maintain records and submit annual documents.</h1> The Central Government has approved an organization, referred to as M/s Kalyani Gorakshan Trust, for the period from April 1, 2000, to March 31, 2003, under section 35(1)(ii) of the Income-tax Act, 1961. This approval is contingent upon the organization maintaining separate books for research activities, submitting annual scientific research returns by May 31 each year, and providing audited annual accounts and income-expenditure statements by October 31 to specified authorities. The organization is advised to apply for renewal of approval in advance through the appropriate channels.