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of <h1>Institution Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act, 1961, Valid Until March 1987</h1> The Department of Scientific & Industrial Research, New Delhi, has approved an institution in Bombay for scientific research under section 35(1)(ii) of the Income-tax Act, 1961. This approval is valid from April 1, 1986, to March 31, 1987, and is subject to conditions including maintaining separate accounts for research funds, submitting annual research activity returns by April 30, and providing audited financial statements by June 30 each year. The institution must also apply for approval extension three months before expiration. Failure to apply on time may result in rejection.
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