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of <h1>C. C. Shroff Research Institute Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The C. C. Shroff Research Institute in Bombay has been approved by the Department of Science & Technology under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. The approval is valid from October 13, 1985, to December 31, 1986. The institute must maintain separate accounts for research funds, submit annual research returns by April 30, and provide audited accounts and balance sheets by June 30 each year. Additionally, the institute must apply for approval extension three months before expiration. Failure to comply with these conditions may result in rejection of extension applications.
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