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<h1>IIT Bhubaneswar Approved for Scientific Research u/s 35 of Income-tax Act; Must Adhere to Funding Conditions.</h1> The Indian Institute of Technology Samantapuri Bhubaneswar has been approved by the Central Government under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, for conducting scientific research. This approval, effective from the assessment year 2014-2015, requires the institute to utilize funds solely for scientific research, maintain separate audited accounts, and provide detailed reports on donations and expenditures. The approval may be revoked if the institute fails to comply with these conditions, ceases genuine research activities, or does not adhere to the relevant provisions of the Income-tax Act and Rules.