Approval under section 35D(2)(a): institution cleared for management consultancy activities, approval effective mid May 1980. Shah Research Associates Private Ltd., Bombay, has been approved by the Central Board of Direct Taxes under clause (a) of sub section (2) of section 35D of the Income tax Act, 1961, exclusively for Management Consultancy; the notification (S.O.1300 dated 5 2 1980) states the approval takes effect from 18th May, 1980.