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of <h1>Sri Sathya Institute approved for scientific research under Income-tax Act section 35(1)(ii); valid 1986-1989.</h1> The Sri Sathya Institute of Higher Learning, Prasanthi Nilayam, has been approved by the Department of Scientific & Industrial Research under section 35(1)(ii) of the Income-tax Act, 1961, as a 'University' for scientific research purposes. This approval is effective from April 28, 1986, to March 31, 1989. The institution must maintain separate accounts for research funds, submit annual returns and audited accounts to the prescribed authority and the Commissioner of Income-tax, and apply for approval extension three months before expiration. Applications submitted after the approval expiry may be rejected.
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