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    <title>Approval of M/s Fluid Control Research Institute under sub-section (1) of section 35 of Income tax Act, 1961</title>
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    <description>The Institute&#039;s approval under clause (ii) of sub section (1) of section 35 (read with Rule 6) classifies it as an &quot;Association&quot; subject to conditions: maintain separate research accounts; file an annual return of scientific research activities to the Secretary, Department of Scientific &amp; Industrial Research by 31 May; and submit audited annual accounts and audited income &amp; expenditure accounts for research to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income tax (Exemptions) having jurisdiction by 31 October, in addition to filing the return of income with the designated Assessing Officer.</description>
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      <description>The Institute&#039;s approval under clause (ii) of sub section (1) of section 35 (read with Rule 6) classifies it as an &quot;Association&quot; subject to conditions: maintain separate research accounts; file an annual return of scientific research activities to the Secretary, Department of Scientific &amp; Industrial Research by 31 May; and submit audited annual accounts and audited income &amp; expenditure accounts for research to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income tax (Exemptions) having jurisdiction by 31 October, in addition to filing the return of income with the designated Assessing Officer.</description>
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