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of <h1>Thapar Institute Approved for Scientific Research Funding Under Section 35(1)(ii) of Income-tax Act, 1961</h1> The Thapar Institute of Engineering and Technology, Patiala, has been approved by the Department of Scientific and Industrial Research, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961, effective from July 1, 1986, to March 31, 1989. The approval requires the institute to maintain separate accounts for funds received for scientific research, submit annual returns of its research activities by May 31, and provide audited accounts and balance sheets by June 30 each year. Additionally, the institute must apply for approval extension three months before expiry to the Central Board of Direct Taxes.
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