Procedure to be adopted for dealing with pending as well as fresh applications for approval under section 35(1)(ii)/(iii)

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.... 1999, has made amendment in section 35(1) of the Income-tax Act, 1961, by which the approval under section 35(1)(ii) and section 35(1)(iii) of the Income-tax Act shall be granted by the Central Government instead of prescribed authority [Director General of Income-tax (Exemption), in concurrence with Secretary, Department of Scientific and Industrial Research]. Subsequently consequential changes ....

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....and transferred to Central Government. (iii)  DGIT(E) in concurrence with Secretary, Department of Scientific and Industrial Research shall continue to be the prescribed authority for approval of cases under sections 35(1)(ii) & 35(1)(iii) pertaining to assessment year 1999-2000 or any earlier year. (iv)  Approval already granted by the prescribed authority under pre-amended secti....