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.

Warehousing station designation under section 9 designates Village Mirya Bunder as a customs warehousing station.
The Central Board of Excise and Customs, exercising powers under section 9 of the Customs Act, 1962, by Notification No. 254/87 dated 1-7-1987, declares Village Mirya Bunder in District Ratnagiri, Maharashtra to be a warehousing station for customs purposes.

Amendment of customs exemption notifications postpones operative date to October under Central Government section 25 authority.
The Central Government, under sub-section (1) of section 25 of the Customs Act, 1962, directs that in Notifications 74/85-Cus., 75/85-Cus. and 222/87-Cus. the figures, letters and words "1st day of July, 1987" in paragraph 2 shall be substituted by the figures, letters and words "1st day of October, 1987."

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.

Approval under section 35(1)(ii) granted subject to reporting, accounting and renewal conditions for research associations.
Approval is granted to the Electrical Research and Development Association, Vadodara, under Section 35(1)(ii) as an "Association" for purposes of tax law, subject to maintaining a separate account for scientific research receipts, filing annual returns of research activities by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority and tax officials by 30 June, and applying for extension three months before expiry. The approval period runs from 1 April 1987 to 31 March 1990.

Approval under section 35(1)(iii) grants institution tax recognition subject to annual reporting, audited accounts, and renewal conditions.
Approval under section 35(1)(iii) recognises the institution as eligible for research-related tax provisions subject to compliance: maintain separate research accounts; file annual returns of research activities by 31 May; submit 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 30 June; and apply for approval renewal to the Central Board three months before expiry, with late applications liable to rejection.

Approval under section 35(1)(iii) recognizes a research institution subject to separate accounting and annual reporting obligations.
The Centre for Regional Ecological and Science Studies in Development Alternatives, Calcutta, is approved as an institution under clause (iii) of sub-section (1) of section 35, contingent on maintaining separate research accounts, filing annual research returns by 31st May, submitting audited accounts and balance-sheet to the prescribed authority and tax authorities by 30th June, and applying for extension of approval at least three months before expiry; late applications risk rejection. The approval is effective from 1-4-1987 to 31-3-1990.

Research institution approval requires separate research accounts, annual returns, audited accounts, and timely renewal application.
Approval is granted to Gandhi Labour Institute, Ahmedabad, for tax recognition of scientific research activity subject to maintaining separate research accounts, filing annual scientific research returns by 31st May, submitting audited annual accounts and balance sheet with copies to the prescribed authority and tax authorities by 30th June, and applying for approval extension at least three months before expiry; approval effective from 1st April 1987 to 31st March 1988.

Approval under section 35(1)(ii) restricted until March 1990; compliance and timely extension application required for continuance.
Approval under section 35(1)(ii) of the Income-tax Act, 1961 granted to the Gandhi Gram Institute of Rural Health and Family Welfare Trust, Madurai is restricted until 31 March 1990 and is conditional on: maintaining a separate scientific research account; furnishing annual research returns by 31 May; submitting audited annual accounts and balance-sheet with copies to the Central Board of Direct Taxes and the concerned Commissioner by 30 June; and applying to the Central Board three months before expiry for extension.

Research institution approval under section 35(1)(ii) requires separate research accounts, annual research returns and audited accounts.
Approval granted to Smt. Labhuben Govindbhai Mistry Medical Research Society as an approved institution under clause (ii) of sub section (1) of section 35 of the Income tax Act, subject to maintaining separate research accounts, furnishing annual research returns by 31st May, submitting audited annual accounts and balance sheet to the prescribed authority and tax administration by 30th June, and applying for approval extension three months before expiry.

Approval under section 35(1)(ii) requires separate research accounts, annual returns, audited accounts and timely extension applications.
Approval of the Diabetic Association of India, Bombay as an institution under section 35(1)(ii) is notified for the period 1-4-1987 to 31-3-1988, subject to conditions: maintain separate research accounts; file annual research returns by 31 May; submit audited accounts and balance-sheet with copies to the prescribed authority, the Central Board of Direct Taxes and the Commissioner by 30 June; and apply for extension to the Central Board at least three months before expiry.

Approval under section 35(1)(iii) requires research institute to maintain separate accounts and file annual audited returns.
Approval is granted to Sri Aurobindo International Institute of Educational Research, Tamil Nadu, as an Institution for purposes of approval under section 35(1)(iii) of the Income-tax Act, 1961, subject to conditions: maintain separate accounts for scientific research; furnish annual returns of research activities by 31 May; submit audited accounts and balance-sheet by 30 June to the prescribed authority and send copies to the Central Board of Direct Taxes and the Commissioner; and apply for extension at least three months before expiry. Effective period: 1 April 1987 to 31 March 1988.

Research institution approval under section 35(1)(iii) requires separate accounts and annual audited returns to retain tax benefits.
Approval to the Administrative Staff College of India, Hyderabad under section 35(1)(iii) is conditional on maintaining a separate account for scientific research, filing annual returns of research activities by 31st May, submitting audited annual accounts and balance-sheet with copies to tax authorities by 30th June, and applying for extension at least three months before approval expiry.

Tax deduction under section 80L: IDBI capital bonds specified as eligible for deduction under the income tax provision.
Specification of eligibility under 80L designates the Industrial Development Bank of India's "3 Years--9 per cent. IDBI Capital Bonds" as qualifying instruments for the tax provision. The Central Government, exercising powers under clause (ii) of sub section (1) of section 80L of the Income tax Act, 1961, formally notifies these capital bonds as specified securities for the purpose of that clause.

Regional stock exchange designation enables automatic cross-listing on other recognised exchanges after regional listing.
The draft amends the 1957 Rules by defining regional stock exchange relative to a company's registered office and by substituting regional terminology into the listing rule; it adds that securities listed on the regional stock exchange shall, upon the company's application, be listed on every other recognised stock exchange without production of the documents and particulars otherwise required for initial listing.

Customs exemption amendment removes a scheduled exemption entry, altering applicability under statutory amendment power.
Amendment removes Sl. No. 44 from the Schedule to Notification No. 209/87-Customs: the Central Government, exercising delegated legislative power under the Customs Act and the Finance Act, effects a targeted modification to the miscellaneous exemption notifications in the public interest by omitting that entry from the Schedule.

Ad valorem exemption rate increased and notification validity extended under Customs Act powers affecting customs tariff relief.
Amends Notification No. 216/85-Cus by substituting a higher ad valorem exemption rate for the previously specified rate and by replacing the expiry date in paragraph 2 with a later date, thereby extending the notification's operative period; both amendments are effected under the Central Government's powers under the Customs Act as necessary in the public interest.