Approval under section 35(1)(ii) grants research-association status subject to accounting, reporting, audited accounts and renewal application.
Approval under section 35(1)(ii) grants research-association status to Gangabux Kanoria Medical Research Centre from 14-4-1986 to 31-3-1988, subject to maintaining a separate account for research receipts, filing annual returns of research activities by 30 April, submitting audited annual accounts and balance-sheet to the prescribed authority and the Commissioner of Income-tax by 30 June, and applying to the Central Board of Direct Taxes for extension at least three months before expiry.

Rate of exchange adjusted for Danish currency; notification substitutes schedule entry altering customs tariff exchange rate.
Amendment substitutes serial No. 5 in the Schedule to Notification No. 374-Cus, replacing the entry for Danish Kraner and specifying the new rate of exchange to be applied for customs valuation and tariff calculations.

Section 10(23C)(v) tax exemption: notification recognises a charitable trust's entitlement to exemption for specified assessment years.
Central Government notification under Section 10(23C)(v) recognises Shri Arasuri Ambaji Mataji Devasthan Trust, Ambaji, as eligible for the sub clause's income tax exemption, applying that status to the trust for a specified sequence of assessment years and thereby treating its income in accordance with the clause's exemption criteria.

Recognition of historic temple under income tax law grants charitable deduction eligibility for donations and tax purposes.
Central Government notification designates Arulmighu Subramaniaswamy Temple, Kumaravayalur, Trichy District, as of historic importance for purposes of the Income-tax Act provision concerning charitable contributions, thereby classifying the temple for tax-related recognition tied to donations under the power conferred by clause (b) of sub-section (2).

Place of public worship designation: Sri Suryanarayana Devasthana notified under section 80G as renown throughout State.
The Central Government, by Notification No. S.O.3598 dated 14 8 1986, under clause (b) of sub section (2) of section 80G of the Income tax Act, notifies Sri Suryanarayana Devasthana, Maroli, Mangalore as a place of public worship of renown throughout the State of Karnataka.

Notification under Section 10(23C)(iv) designates Divine Light School for the Blind Trust as notified for specified assessment years.
The Central Government notifies Divine Light School for the Blind Trust under Section 10(23C)(iv) of the Income-tax Act, 1961, thereby recognising the Trust for the purposes of clause (23C)(iv) in relation to specified assessment years, and making the provision applicable to the Trust for that period.

Approval under section 35(1)(ii): College approval subject to separate research accounts, annual returns, audited accounts, and renewal application.
Approval under section 35(1)(ii) is granted to M.D. College of Arts, Science and Commerce, Bombay, as a College for research-related tax purposes subject to conditions: maintain a separate account for research funds; file annual returns of research activities in prescribed forms by the annual deadline; submit audited annual accounts and balance sheet to the prescribed authority and the concerned Commissioner of Income-tax by the prescribed annual date; and apply for extension of approval in advance of expiry, with late applications liable to rejection.

Research institution approval under section 35(1)(iii) requires separate research accounts, annual returns, and audited submissions.
Approval under Section 35(1)(iii) is granted to Giri Institute of Development Studies, Lucknow, as an Institution for a specified period, conditional on maintaining separate research accounts, filing annual scientific research returns by 30 April, submitting audited annual accounts and balance-sheet with copies to the Commissioner by 30 June, and seeking extension from the tax board at least three months before approval expiry.

Research institution approval enables tax treatment but requires separate research accounts, annual returns, audited accounts, and timely renewal.
Approval is granted to Mahatma Gandhi Memorial College, Udupi as an approved research institution entitled to research-related tax treatment, conditional on maintaining a separate account for research receipts, filing prescribed annual returns of research activities, submitting audited annual accounts and balance sheet to the prescribed authority with copies to the tax commissioner, and applying for renewal of approval in advance to avoid rejection.

Research institution approval requires separate research accounts, annual returns, audited accounts, and timely renewal application before expiry.
Approval is granted to the Research Society as an institution for research-related tax purposes, subject to conditions: maintain separate research accounts; furnish annual returns of scientific research activities to the prescribed authority by 30 April each year; submit audited annual accounts, income and expenditure statement and balance sheet to the prescribed authority and a copy to the concerned Commissioner of Income-tax by 30 June each year; and apply to the Central Board of Direct Taxes for extension at least three months before approval expiry. Effective 1 April 1986 to 31 March 1987.

Approval under section 35(1)(ii) requires separate research accounts, annual returns, audited accounts, and timely renewal applications.
Banasthali Vidyapith, Rajasthan, is approved as an institution for research expenditure deduction in the category "University", subject to maintaining separate research accounts, filing annual scientific research returns by 30 April each year, submitting audited annual accounts to the prescribed authority and the concerned Commissioner by 30 June each year, and applying for extension of approval at least three months before expiry; failure to apply timely may lead to rejection. The approval period runs from 24 January 1986 to 31 March 1989.

Approval under section 35(1)(ii): research institution recognition subject to reporting and accounting compliance.
Approval under section 35(1)(ii) was granted to The Foundation for Medical Research, Bombay, subject to maintaining a separate account for research receipts; furnishing annual returns of scientific research activities to the prescribed authority by 30th April each year; submitting audited annual accounts, income-and-expenditure statements and a balance sheet to the prescribed authority by 30th June each year with copies to the concerned Commissioner of Income-tax; and applying to the Central Board of Direct Taxes for extension at least three months before expiry of approval.

Approval under section 35 for research institution: mandate separate research accounts, annual returns, audited accounts, and timely renewal.
Approval under clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961, was granted to the Giri Institute of Development Studies, Lucknow, effective 1 4 1985 to 31 3 1988, subject to maintaining separate research accounts, furnishing annual research activity returns by 30 April, submitting audited accounts and balance sheet with copies to the Commissioner by 30 June, and applying to the Central Board of Direct Taxes for renewal at least three months before expiry.

Approval under section 35(1)(ii) recognizes a research association subject to separate accounts, annual returns, and renewal filings.
Approval under section 35(1)(ii) granted to Usha Scientific Research Institute, Calcutta, as an "Association" is subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities by 30 April, submitting audited annual accounts and balance-sheet to the prescribed authority and Commissioner of Income-tax by 30 June, and applying for extension to the Central Board of Direct Taxes at least three months before approval expiry.

Approval under section 35(1)(ii) conditions research tax treatment with separate accounts, annual returns, audited filings, and renewal timing.
Approval under section 35(1)(ii) is granted to Viklang Kendra Rural Research Society as an Association, conditional on maintaining a separate account for research funds, filing annual scientific-research returns by 30 April, submitting audited accounts and balance-sheet copies to the prescribed authority and the Commissioner by 30 June, and applying for approval extension at least three months before expiry; late applications risk rejection. The approval is effective from 14-6-1986 to 31-3-1988.

Research association approval requires separate research accounts, annual returns, audited accounts and timely renewal application.
The approved association must maintain a separate account for sums received for scientific research; furnish annual returns of scientific research activities to the prescribed authority by 30 April each year; submit audited annual accounts showing total income, expenditure, assets and liabilities to the prescribed authority and send copies to the concerned tax commissioner by 30 June; and apply for extension of approval to the central tax board at least three months before expiry.

Approval under section 35(1)(ii) requires separate research accounts, annual returns, audited accounts, and timely renewal application.
Approval under the Income-tax Act is granted to the Muljibhai Patel Society for Research in Nephro-urology, Nadiad, Gujarat, as an Association subject to maintaining separate research accounts, furnishing annual research returns by 30th April, and submitting audited accounts and balance-sheet to the prescribed authority and the concerned Commissioner by 30th June, with a requirement to seek extension from the Central Board of Direct Taxes three months before expiry.

Warehousing station designation enables establishment and operation of export oriented units under customs powers.
Designation of a warehousing station: the Central Board of Excise and Customs, exercising powers under the Customs Act, declares Hindupur in Anantapur District, Andhra Pradesh, to be a warehousing station to enable establishment and operation of export oriented units as a miscellaneous exemption/administrative measure within the customs and tariff framework.

Rate of exchange revised for specified foreign currencies under the Customs Act, updating schedule entries for customs valuation.
Amendment under section 14(3)(a)(i) of the Customs Act substitutes Schedule entries for serial numbers 1, 6, 7 and 10 in Notification No. 374-Cus., replacing those entries with updated rates of exchange for Austrian Schillings, Deutsche Marks, Dutch Guilders and Italian Lire, thereby updating the tariff schedule references used for customs valuation and exemption purposes.

Commencement of Chapter XXC under Section 269U: appointed to take effect in specified metropolitan areas on 1 October.
The Central Government, exercising powers under Section 269U of the Income-tax Act, 1961, appoints 1 October 1986 as the date on which Chapter XXC of the Act shall come into force in specified territories: the Union Territory of Delhi; Greater Bombay as defined by the Bombay Municipal Corporation Act; Calcutta Metropolitan Area as defined by the West Bengal Town and Country (Planning and Development) Act, 1979; and Madras Metropolitan Planning Area as defined by the Tamil Nadu Town and Country Planning Act, 1971.