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of <h1>Vittal Mallya Scientific Research Foundation Gains Approval for 1989-1990 Under Section 35(1)(ii) of Income-tax Act</h1> The Vittal Mallya Scientific Research Foundation in Bangalore has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. This approval, effective from April 1, 1989, to March 31, 1990, requires the foundation to maintain separate accounts for research funds, submit annual research activity returns by May 31, and provide audited financial accounts by June 30 each year to relevant authorities. Additionally, the foundation must apply for approval extension three months before expiry, submitting necessary documents to the Director-General of Income-tax Exemptions and the Department of Scientific and Industrial Research.
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