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<h1>Central Power Research Institute Approved Under Section 35(1)(ii) for Tax Benefits, Must Follow Reporting and Renewal Guidelines</h1> The Central Power Research Institute in Bangalore has been approved as an institution under section 35(1)(ii) of the Income-tax Act, 1961, by the Department of Science & Technology, New Delhi. This approval is valid from December 26, 1985, to March 31, 1988. The institute must maintain separate accounts for scientific research funds, submit annual scientific research activity returns by April 30, and provide audited accounts and balance sheets by June 30 each year. Additionally, it must apply for approval extension three months before the current approval expires to avoid rejection.