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Approval of Auroville Foundation under sub-section (1) of section 35 of Income tax Act, 1961
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.... been approved by the Central Government for the period mentioned against its name, for the purpose of clause (iii) of sub-section (1) of section 35 of the Income tax Act, 1961, read with Rule 6 of the Income tax Rules, 1962 under the category "Institution" subject to the following conditions:- i) The notified Institution shall maintain separate books of accounts for its research activities; ii)....