Approval under section 35(1)(iii) requires institutions to maintain separate research accounts and file annual returns and audited accounts.
Approval under section 35(1)(iii) was granted to The Association for the Welfare of Persons with a Mental Handicap in Maharashtra, Bombay, as an Institution, conditional on maintaining a separate account for scientific research, furnishing annual returns of research activities by 31 May, submitting audited annual accounts and balance sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the concerned Commissioner, and applying three months before approval expiry for extension.

Approval under section 35(1)(ii) grants tax recognition to a research association subject to annual accounts and reporting.
Approval under section 35(1)(ii) recognizes the Maharashtra Association for the Cultivation of Science, Pune as eligible for tax recognition for scientific research, subject to maintaining separate research accounts, filing annual returns of research activities in prescribed forms by the annual deadline, and submitting audited annual accounts and balance-sheet to the prescribed authority and tax authorities; the institution must apply in advance for extension of approval or risk rejection.

Debenture specification: central government designates capital bonds as qualifying instruments under wealth tax notification.
The Central Government, exercising its power under the Wealth Tax Act, specifies a particular series of capital bonds issued by a development bank as qualifying debentures for the purposes of the relevant clause, naming the instrument and recording the notification date and government file reference.

Settlement Commission procedure sets filing, representation, confidentiality, report timelines and verification requirements for settlement applications.
The rules set the procedure for settlement applications: filings to the Secretary or authorised officer (including by registered post) are deemed presented on receipt; the Commission forwards the application copy to the Commissioner for an initial report and, if allowed to proceed, forwards annexures and accompanying documents for a further report within a specified period. Facts not supported by record must be verified by sworn affidavit. Authorised representatives must file written authorisation before hearing, pleadings may be in Hindi or English, proceedings are private, and the Commission may adjourn hearings and direct Benches to dispose of applications as ordered.

Deemed imported materials for drawback: specified domestic inputs treated as imported to permit export drawback claims.
Declares specified materials contained in goods manufactured in India and exported to be deemed imported materials for drawback purposes, listing thirty-eight materials (metals, alloys, rubber and cable compounds, cellulose products, scraps and chemicals) and providing that the declaration operates from 1 June 1987 to 31 May 1988.

Excise exemption for strips of jute when derived from duty-paid jute fabrics and destined for Indian Army.
An exemption at nil excise duty is provided for strips of jute (tariff heading 63.01) on the condition that they are made from jute fabrics on which appropriate excise duty has already been paid and that they are intended for supply to the Indian Army, by inserting a new entry into the notification table under rule 8(1) of the Central Excise Rules, 1944.

Tariff classification amended: exemption notification expanded to include an additional tariff heading alongside the existing reference.
Operative amendment substitutes an additional tariff heading into the opening paragraph of Notification No. 258/82-Central Excises, expanding the tariff reference cited there so that the notification's exemption scope includes the newly added heading; the change is made under the Central Excise Rules and the Additional Duties of Excise Act and is limited to that substitution in the opening paragraph.

Amendment to exemption notification expands tariff coverage to include benzene and toluene under relevant chapter provisions.
The notification amends the opening portion of Notification No. 253/76 Central Excises by substituting the words "Chapter 27" with "Chapter 27 and Benzene and Toluene falling under Chapter 29", effected under sub rule (1) of rule 8 of the Central Excise Rules, 1944, thereby extending the notification's tariff coverage to include benzene and toluene classified under Chapter 29.

Excise exemption for bicycle pumps and parts: notification relieves them from the whole duty under excise rules.
The notification exempts bicycle pumps and parts classified under the relevant tariff heading from the whole of the excise duty leviable thereon, enacted by a central government notification under the delegated power conferred by rule 8(1) of the excise rules and referencing the Schedule to the Central Excise Tariff Act.

Commencement date appointed for Constitution (Fifty-sixth) Amendment Act, confirming the Act comes into force on 30 May 1987.
Under the authority of section 1(2) of the Constitution (Fifty-sixth Amendment) Act, 1987, the Central Government issued notification S.O. 517(E) dated 26 May 1987 appointing 30 May 1987 as the date on which the Act shall come into force.

Extension of exemption period for coal tar pitch: prior customs notification's expiry date is postponed by one year.
Amendment to Notification No. 333/86 Customs substitutes the date in paragraph 2, altering the expiry from 31st May, 1987 to 31st May, 1988 for the exemption applicable to coal tar pitch (Chapter 27), under powers conferred by sub section (1) of section 25 of the Customs Act, 1962.

Excise exemption for compounded rubber: duty waived when used in factory as input for manufacture of rubber goods.
Compounded rubber under Heading No. 40.05 is exempt from the whole of the excise duty specified in the Central Excise Tariff Act, 1985, provided such compounded rubber is used in the factory of its production for the manufacture of goods falling under Chapter 40. The exemption is granted under sub rule (1) of rule 8 of the Central Excise Rules, 1944 and applies only where the compound is consumed as an input in the same factory for manufacture of rubber goods.

Avoidance of double taxation: treaty allocates taxing rights, limits source taxation and mandates mutual agreement and information exchange.
Bilateral tax treaty allocates taxing rights between India and Czechoslovakia, applies to residents and specified national taxes, and sets residency tie breaker rules and a definition of permanent establishment. It prescribes attribution of business profits to permanent establishments on an arm's length basis, limits source taxation of dividends, interest, royalties and fees for technical services for beneficial owners, and governs taxation of immovable property, capital gains and personal services. The treaty provides elimination of double taxation via exemption and credit rules, non discrimination, mutual agreement procedure, and exchange of information subject to confidentiality and legal limits.

Research institution approval under section 35 requires separate research accounts, annual returns, audited accounts, and timely renewal.
Approval of Jnana Prabodhini Samshodhan Sansthan, Pune, as an Institution for research-related tax recognition is conditional on maintaining separate research accounts, filing annual returns of scientific research activities by 31st May, submitting audited annual accounts and balance-sheet to the prescribed authority and tax authorities by 30th June, and applying for renewal at least three months before approval expiry; late renewal applications risk rejection.

Extension of customs exemption period: government substitutes the notification expiry date to extend the exemption for one year.
Under the powers of section 25(1) of the Customs Act, 1962, the Central Government amends Notification No. 356/86 Customs by substituting the date in paragraph 2, replacing the earlier expiry date with a later date to extend the period during which the notification's exemption provisions remain effective.

Customs exemption amendment extends specified notification expiry date to August, altering the prior May deadline.
Central Government, under section 25(1) of the Customs Act, 1962, amends specified customs exemption notifications; notably, paragraph 2 of Notification No. 255/86-Customs (17 April 1986) substitutes the expiry "31st day of May, 1987" with "31st day of August, 1987."

Tariff classification amendment narrows a table entry by substituting a single heading with three specific tariff headings.
Amends the excise notification by substituting the tariff classification in Column (2) of the Table against serial number eleven, replacing the prior heading with three specified tariff headings, thereby refining the classification of goods covered by that table entry under the Central Excise Rules.

Appointment of customs officers: Collector, Deputy and Assistant Collectors designated for Tamil Nadu excluding Madras under Customs Act.
The Central Government appoints the officer named as Collector of Customs and Central Excise, Tiruchirapalli for the State of Tamil Nadu excluding the area under the Collector of Customs, Madras, and supersedes the corresponding entry in the earlier notification. Additional Collector/Deputy Collectors and Assistant Collectors of Customs are appointed to work under the control of the Collector of Customs and Central Excise, Tiruchirapalli, establishing the reporting structure and territorial allocation.

Research Institution Approval under section 35(1)(iii): granted subject to separate accounts, annual returns, audited accounts and renewal notice.
The Centre for Women's Development Studies, New Delhi is approved as an Institution under Section 35(1)(iii) of the Income-tax Act, 1961, subject to conditions: maintain separate research accounts; furnish annual research returns by 31 May; submit audited annual accounts and balance-sheet to the prescribed authority, CBDT and Commissioner by 30 June; and apply for extension to CBDT at least three months before approval expiry. Approval effective from 1 April 1987 to 31 March 1990.

Research approval under income-tax exemption granted with reporting, accounting and renewal conditions, including audited annual accounts.
Approval under the income-tax research exemption is granted to the Centre for Study of Man and Environment, Calcutta, subject to conditions: maintain separate accounts for research receipts; furnish annual returns of scientific research by 31st 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 30th June; and apply for extension at least three months before approval expiry.