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of <h1>Sports Institute Approved for Scientific Research Funding Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Society for the National Institutes of Physical Education and Sports, Patiala, has been approved by the Department of Science & Technology, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961. This approval, effective from February 16, 1985, to March 31, 1987, requires the institution to maintain separate accounts for scientific research funds, submit annual returns of its research activities by April 30, and provide audited accounts by June 30 each year. The institution must also apply for approval extension three months before expiry to avoid rejection.
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