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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..... ndment 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 have also been made .....

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..... ernment. (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 sections 35(1)(ii) and 35(1)(iii) for assessmen .....

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