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<h1>Centre for Applied Systems Analysis Gains Approval Under Section 35(1)(iii) for Scientific Research Funding Compliance</h1> The Centre for Applied Systems Analysis in Development, located in Bombay, has been approved by the Department of Scientific and Industrial Research, New Delhi, under section 35(1)(iii) of the Income-tax Act, 1961. This approval is effective from April 1, 1988, to March 31, 1989. The institution must maintain separate accounts for funds received for scientific research, submit annual returns of research activities by May 31 each year, and provide audited accounts by June 30 to relevant authorities. It must also apply for approval extension before expiry, as late applications may be rejected.