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of <h1>Anna Institute of Management Approved for Scientific Research Under Section 35(1)(iii) of Income-tax Act 1961</h1> The Anna Institute of Management in Madras has been approved by the Department of Scientific and Industrial Research, New Delhi, under section 35(1)(iii) of the Income-tax Act, 1961, for scientific research purposes. The approval is effective from April 1, 1988, to March 31, 1989. The institute must maintain separate accounts for funds received for scientific research, submit annual returns of its research activities by May 31 each year, and provide audited annual accounts by June 30 to the prescribed authority and relevant tax bodies. Applications for approval extension must be submitted before the current approval expires.
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