Tax exemption recognition under Section 10(23C)(iv) confirms notified institution's entitlement for specified assessment years period.
Recognises Section 10(23C)(iv) status for "The Forum of Financial Writers, New Delhi" by Central Government notification, specifying the organisation as notified under the cited clause and limiting the operative coverage to the stated assessment years.

Approval for research association status requires separate research accounts, annual reports, audited accounts, and timely renewal.
Approval was granted to M.L. Shah Research Foundation for Stone Industries as an approved association for research-related tax purposes, conditioned on maintaining a separate account for research receipts, furnishing annual research activity returns by 31st May, submitting audited annual accounts and a balance-sheet with copies to the prescribed authority, the Central Board of Direct Taxes and the Commissioner by 30th June, and applying to the Central Board for renewal at least three months before approval expiry.

Research institution approval grants conditional tax recognition subject to separate research accounts, annual reporting and audited filings.
Approval is granted to Karnataka Regional Engineering College, Srinivasnagar under clause (ii) of sub section (1) of section 35 of the Income tax Act, categorising it as a College for scientific research purposes. Conditions require maintenance of separate research accounts, annual returns of research activities, submission of audited annual accounts and balance sheets to the prescribed authority, the Central Board of Direct Taxes and the Commissioner by specified annual deadlines, and advance application for renewal to the Central Board of Direct Taxes before approval expiry.

Research institution approval under section thirty five requires dedicated research accounts and prescribed annual reporting for tax recognition.
Approval is granted to Lal Bahadur Shastri Engineering Research And Consultancy Centre, Trivandrum, as an Institution for purposes of clause (ii) of sub section (1) of section 35 read with rule 6, subject to conditions: maintain separate accounts for scientific research receipts; furnish annual research returns by 31st May; submit audited accounts, income and expenditure statements and balance sheet with copies to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30th June; and apply for approval extension at least three months before expiry.

Tax concession for foreign oil contractors: reduced taxation and blended calculation for mixed income under section 293A.
Notification grants income-tax relief to foreign companies and non-resident persons engaged in mineral-oil prospecting or production: if total income consists only of such profits, tax is fifty per cent of that income; if total income is mixed, tax equals fifty per cent on mineral-oil profits plus tax on the remaining income at the average rate that would have applied to total income absent the concession; "average rate of income-tax," "foreign company," and "mineral oil" are defined for these purposes.

Income-tax Appellate Tribunal rules amended to add Senior Vice President and revise bench sittings, transfers, and ex parte procedures.
The amendments add a Senior Vice President, redefine "certified copy" to include original and authenticated photostat copies, clarify that Benches may sit at headquarters or authorised places, permit intra headquarters transfer of appeals by the President or, in his absence, the Senior Vice President/Vice President or seniormost Member present, recast rules on ex parte disposal and restoration of appeals for party default, and direct that matters be dealt with by the Bench which heard the originating appeal unless higher officers order otherwise.

Approval under section 35(1)(iii) imposes separate accounts, annual returns, audited submissions and timely renewal application.
Approval under section 35(1)(iii) is granted to Jain Vishva Bharati, Rajasthan, effective 1 April 1987 to 31 March 1989, subject to conditions: maintain separate research accounts; furnish annual returns of scientific research activities by 31 May each year; submit audited annual accounts, income and expenditure statements and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the concerned Commissioner of Income-tax; and apply to the Central Board of Direct Taxes at least three months before expiry for extension of approval.

Approval under Section 35(1)(iii) requires separate research accounts, annual returns, audited accounts, and timely renewal application.
Approval of the Centre For Development Studies and Activities, Pune under Section 35(1)(iii) is granted subject to conditions requiring separate accounts for scientific research, annual returns of research activities by 31 May, submission of audited accounts and balance-sheet to the prescribed authority, Central Board and Commissioner by 30 June, and a renewal application filed at least three months before approval expiry; late applications may be rejected.

Specified bond exemption for MTNL telephone bonds applies only if transferee notifies the issuer within sixty days.
Central Government specifies the 7 year 14% secured redeemable non convertible telephone bonds (T 86 Series First Issue) issued by Mahanagar Telephone Nigam Limited as eligible under the proviso to section 193 of the Income tax Act, 1961; the proviso's benefit on transfers by endorsement or delivery is conditional on the transferee informing the issuer by registered post within sixty days of the transfer.

Approval under section 35(1)(ii) grants research association recognition subject to specified accounting, reporting and audit conditions.
Approval under section 35(1)(ii) is granted to Karnataka Institute of Applied Agricultural Research as an "Association" for the period 1-4-1987 to 31-3-1988, subject to conditions: maintain separate accounts for research receipts; furnish annual research returns by 31 May; submit audited annual accounts and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the Commissioner of Income-tax; and apply for extension at least three months before expiry.

Approval under section 35(1)(ii) recognises Rajkot Cancer Society for scientific research, subject to reporting and accounting conditions.
Approval under section 35(1)(ii) recognises Rajkot Cancer Society, Rajkot, as an Institution for scientific research for 1 4 1987 to 31 3 1988, subject to conditions: maintain separate research accounts; furnish annual research returns by 31 May; submit audited accounts, income and expenditure statement and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the Commissioner by 30 June; and apply to the Central Board of Direct Taxes at least three months before expiry for extension.

Research approval requires associations to maintain separate research accounts, file annual returns and audited accounts, and seek renewal.
Approval is granted to Mangalam, Lucknow, as an approved institution under section 35(1)(ii) as an "Association" subject to compliance: maintain separate accounts for scientific research; furnish prescribed annual returns by 31st May; submit audited annual accounts and balance sheet with copies to tax administration and the prescribed authority by 30th June; apply three months before expiry for extension. The approval is effective from 1 January 1987 to 31 March 1988.

Research institution approval requires separate research accounts, annual returns, audited accounts and timely renewal applications.
Approval under clause (ii) of sub section (1) of section 35 of the Income tax Act was granted to Nanawati Hospital Medical Research Centre as an approved research association on condition that it maintain separate accounts for scientific research, furnish annual returns of research activities in prescribed forms, submit audited annual accounts and balance sheet to the prescribed authority and tax authorities by the specified annual dates, and apply to the Central Board for extension of approval in advance of expiry.

Research approval under section 35(1)(ii) conditions institutional recognition with annual returns, audited accounts, and renewal filings.
Approval is granted to the Madras Institute of Magnetobiology as an approved institution for purposes of research expenditure deduction, effective 1 April 1987 to 31 March 1990, subject to maintaining separate research accounts, furnishing annual returns of scientific research activities by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June, and applying to the Central Board of Direct Taxes at least three months before expiry for extension of approval.

Approval under section 35(1)(ii) triggers research institution compliance: separate accounts, annual returns and audited filings.
Approval is granted to the United Planters' Association of Southern India, Coonoor, as an Institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, subject to maintaining a separate account for research receipts, furnishing annual returns of research activities by 31st May, submitting audited annual accounts and balance-sheet by 30th June to the prescribed authority with copies to tax authorities, and applying for renewal three months before approval expiry, with late applications liable to rejection.

Research institution approval under statutory provision conditioned on separate accounts, annual returns, audited accounts and renewal application.
Approval is granted to Maharashtra Rajya Draksha Bagitdar Sangha, Pune, as an Institution under clause (ii) of sub section (1) of section 35 of the Income tax Act, subject to conditions: maintain separate accounts for research receipts; furnish annual research returns to the prescribed authority by 31st May; submit audited annual accounts, income and expenditure statements and balance sheet to the prescribed authority by 30th June with copies to the tax authorities; and apply to the Central Board of Direct Taxes for extension of approval at least three months before expiry.

Approval under section 35(1)(ii) requires research association to maintain separate accounts and submit annual returns.
Approval is granted to Dr. Jivraj Mehta Smarak Health Foundations, Ahmedabad, as an approved institution under section 35(1)(ii) in the category "Association", subject to maintaining a separate account for scientific research; furnishing annual returns of scientific research activities by 31st May each year; submitting audited annual accounts, income and expenditure statements and balance-sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30th June each year; and applying for extension to the Central Board of Direct Taxes at least three months before approval expiry.

Research approval under section 35(1)(ii): conditional compliance requires separate research accounts, annual returns, audited accounts.
Approval under section 35(1)(ii), as an Association, is granted to Pune Medical Research Society for 1-4-1987 to 31-3-1988 subject to conditions: maintain separate accounts for scientific research; file annual research activity returns by 31 May; submit audited annual accounts, income and expenditure statement, and balance-sheet by 30 June to the prescribed authority with copies to the Central Board of Direct Taxes and the concerned Commissioner; and apply for extension at least three months before approval expiry.

Specified Secured Redeemable Bonds designation enables tax benefit on transfer subject to transferee notification requirement.
Central Government designates the Secured Redeemable NTPC Bonds, 1986-Second Series issued by the National Thermal Power Corporation Limited as qualifying securities for the tax deduction under section 80L, with the proviso that on transfer by endorsement or delivery the benefit is admissible only if the transferee informs the Corporation by registered post within sixty days of the transfer.

Designation of specified authority under Income-tax law names Superintendents of Police in the state Lokayukt establishment for tax investigations.
Every officer of or above the rank of Superintendent of Police of the Madhya Pradesh Special Police Establishment attached to the Office of Lokayukt, Madhya Pradesh is specified as an authority under section 138(1)(a)(ii) of the Income-tax Act, 1961 by Central Government notification S.O.2582 dated 30-6-1987, formally designating those officers to perform functions and exercise authorities for the purposes of that sub-clause.