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<h1>Anna Institute of Management gains approval under Section 35(1)(iii) of Income-tax Act for scientific research activities.</h1> Anna Institute of Management, located in Madras, has been approved by the Department of Scientific and Industrial Research under section 35(1)(iii) of the Income-tax Act, 1961. The approval is valid from January 1, 1986, to March 31, 1988. The institute is required to maintain separate accounts for funds received for scientific research, submit annual returns of its research activities by April 30 each year, and provide audited financial statements by June 30 each year. Additionally, the institute must apply for an extension of approval three months before it expires, with late applications subject to rejection.