Research institution approval under Section 35(1)(iii) requires separate accounts, annual returns, audited accounts and timely renewal applications.
Ved Vignan Mahavidyapeeth is approved as an institution under clause (iii) of sub-section (1) of section 35, subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities in prescribed forms by 31st May, and submitting audited annual accounts and balance-sheet to the prescribed authority by 30th June each year, with copies to the Central Board of Direct Taxes and the concerned Commissioner of Income-tax; approval is effective from 14-4-87 to 31-3-88 and extension applications must be filed three months before expiry.

Income-tax notification under section 10(23C)(iv) confirms Institute for Financial Management and Research's notified status for specified assessment years.
Central Government notifies the Institute for Financial Management and Research, Madras under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961, designating the institute for the purposes of that sub-clause for the assessment years 1986-87 to 1988-89 by Notification No. S.O.1770 dated 22-3-1988.

Research institute approval under section 35(1)(iii) requires timely accounts, annual returns and audited submissions to authorities.
Approval is granted to the Institute of Communication and Sociological Research under section 35(1)(iii) subject to maintaining separate research accounts, furnishing annual research returns by 31st May, submitting audited annual accounts and balance-sheet to the prescribed authority by 30th June with copies to tax authorities and the Income-tax Commissioner, and applying for extension at least three months before approval expiry.

Specified secured redeemable non convertible bonds carry income tax benefit subject to transferee notice to issuer within sixty days.
Central Government specifies 7 year secured, redeemable, non convertible bonds (B Series) issued by Neyveli Lignite Corporation Limited as eligible under clause (ii) of sub section (1) of section 80L of the Income tax Act, by notification S.O.264(E) dated 16 3 1988; where such bonds are transferred, the transferee may claim the benefit only if the transferee notifies the issuing corporation by registered post within sixty days of the transfer.

Tax-exempt bonds: registration with the issuer required to secure exemption on specified corporate redeemable non-convertible bonds.
The Central Government specifies 10-year secured, redeemable, non-convertible (B Series) bonds issued by Neyveli Lignite Corporation Limited as tax-free under the Income-tax Act, subject to the condition that the holder registers his name and the holding with the issuing corporation to be eligible for the exemption.

Approval under section 35(1)(iii) tax law granted to a research institution subject to reporting and account conditions.
Approval granted to Birla Economic Research Foundation, Calcutta, as an Institution for purposes of the tax provision permitting research deductions, effective 11 11 87 to 31 3 88, subject to conditions: maintain separate accounts for scientific research; furnish annual scientific research returns by 31 May; submit audited accounts, income and expenditure statement and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the concerned Commissioner; apply for extension at least three months before expiry.

Tax exemption recognition under section 10(23C)(iv): Sir Ratan Tata Trust notified as qualifying for the relevant assessment year.
Notification by the Central Government exercising powers under section 10(23C)(iv) of the Income-tax Act recognises Sir Ratan Tata Trust, Bombay for the specified assessment year as qualifying under that sub-clause, thereby registering the Trust for the statutory tax treatment prescribed by the cited provision.

Tax exemption recognition under section 10(23C)(iv) - Bombay Natural History Society notified for specified assessment years.
Central Government, exercising the power under section 10(23C)(iv) of the Income tax Act, notified the Bombay Natural History Society as covered by that sub clause, formally recognizing the Society for the relevant assessment years and aligning its tax status with the exemption category set out in the provision.

Notification under section 10(23C)(iv) recognises a trust's tax-exempt status for specified assessment years by Central Government.
The Central Government notified Birla Education Trust, Pilani under section 10(23C)(iv) of the Income-tax Act, 1961, recognising the Trust for the purposes of that sub-clause for the assessment years 1985-86 to 1988-89 by formal notification.

Research institution approval under income tax provision requires separate research accounts, annual returns, audited accounts, and advance renewal.
Approval is granted to the Indian Drug Research Association, Pune, under the income tax provision in the category Association, subject to conditions: maintain a separate account for funds received for scientific research; furnish annual returns of research activities to the prescribed authority each financial year in prescribed forms; submit audited annual accounts, income and expenditure statements, and a balance sheet to the prescribed authority with copies to the central tax board and the concerned Commissioner of Income tax by the annual deadline; and apply in advance for extension of approval.

Approval under section 35(1)(ii): institution approved for scientific research subject to annual accounts, returns, and renewal conditions.
Approval is granted to the Birla Institute of Scientific Research, Calcutta, under section 35(1)(ii) as an Institution for scientific research from 1-4-86 to 31-3-88, subject to maintaining a separate research account, furnishing annual research returns by 31st May, submitting audited accounts and balance-sheet to the prescribed authority, Central Board of Direct Taxes and the Commissioner by 30th June, and applying for extension at least three months before expiry.

Approved research institution status granted, subject to separate research accounts, annual returns, audited accounts, and advance renewal application.
Approval is granted to Ganesh Scientific Research Foundation under section 35(1)(ii) as an Association, subject to conditions requiring a separate account for research funds, annual scientific-activity returns by 31st May, audited accounts and balance-sheet submissions to the prescribed authority, Central Board of Direct Taxes and Commissioner by 30th June, and an advance application for extension at least three months before expiry.

Approval under section 35(1)(iii) allowed to lapse, withdrawing perpetual tax approval previously accorded to the university.
Perpetual approval granted to Saugar University under section 35(1)(iii) of the Income-tax Act, 1961 is allowed to lapse with effect from 1-12-1987 by Notification No. 1859 dated 02-03-1988, withdrawing the earlier Notification No. 1750 dated 30-4-77 and notifying the lapse under file number 203/36/88-ITA. II.

Dividend taxation principles limit source-state withholding where corporate beneficial ownership secures reduced relief and credit mechanisms.
The Protocol revises treaty rules on allocation and source taxation by: allowing permanent establishments deductions for business expenses subject to host-State limitations and a fallback deduction cap where domestic law disallows such deductions; disallowing certain payments from a permanent establishment to head office (royalties, commissions, management fees and, except for banks, interest) except reimbursements; imposing reduced source-state taxation on shipping income, dividends, interest, and royalties/technical fees with specified caps and definitions; and taxing independent personal services in the source State when presence exceeds the 183-day threshold or a fixed base exists, while adjusting foreign tax credit computation and specifying entry into force and application rules.

Approval withdrawal under section 35CCB: Institute of Human Ecosystem's prior approval is rescinded with retrospective effect.
Approval granted to the Institute of Human Ecosystem, Calcutta, under section 35CCB of the Income-tax Act, 1961 is withdrawn with effect from 1-12-1985, rescinding the prior notification granting approval and causing the institute's tax-approved status to cease from that effective date.

Tax approval under section 35(1)(ii) made time bound with annual reporting, audited accounts and renewal application requirements.
Perpetual tax approval granted to the International College of Surgeons, Bombay is converted into a time-bound approval valid until 31 March 1988 and made conditional on maintaining a separate account for scientific research receipts, furnishing annual returns of research activities by 31 May, submitting audited accounts and balance-sheet to the prescribed authority and tax authorities by 30 June, and applying for extension at least three months before expiry.

Tax-free bond specification: REC bonds eligible for exemption under section 10(15)(iv)(h) subject to holder registration.
Notification designates the 10-year 9% Tax-free Secured Redeemable REC Bonds (15th Series), 1997, as eligible for exemption under clause (15)(iv)(h) of section 10 of the Income-tax Act, 1961, provided that the holder registers his name and holding with the issuing corporation.

Designation of specified bonds under section 80L permits tax benefit if transferee notifies issuer within sixty days.
Central Government specifies the 7-year IPCL 13% Secured Redeemable Non-Convertible Bonds issued by Indian Petrochemicals Corporation Limited as qualifying for clause (ii) of sub section (1) of section 80L, subject to the condition that benefit on transfer by endorsement or delivery is admissible only if the transferee informs the Corporation by registered post within sixty days of transfer.

Specification of debentures under income tax provision: HUDCO Capital Gains Debenture designated for eligibility under deduction clause.
Central Government, under clause (ii) of sub section (1) of section 80L of the Income tax Act, specifies the "3 year 9 per cent. - HUDCO Capital Gains Debenture" issued by the Housing & Urban Development Corporation Limited as a debenture for the purposes of that clause by Notification S.O.195(E) dated 22 2 1988.

Approval under section 35(1)(iii) imposes reporting, audited accounts and timely renewal-application conditions for research institutions.
Approval under section 35(1)(iii) is granted to the Research and Documentation Centre in Social Welfare and Development, Bombay for 1-4-87 to 31-3-88 subject to maintaining separate accounts for scientific research, furnishing annual returns of research activities by 31 May, submitting audited accounts and balance-sheet to prescribed tax authorities by 30 June, and applying for extension at least three months before expiry with late applications liable to rejection.