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of <h1>Fie Research Institute Approved for Tax Exemption Under Section 35(1)(ii) for 1989-1990; Must Fulfill Reporting Obligations.</h1> The Fie Research Institute in Ganganagar, Maharashtra, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 1989, to March 31, 1990. The approval was granted by the Director-General (Income-tax Exemptions) and the Secretary, Department of Scientific and Industrial Research. The institute must maintain separate accounts for scientific research funds, submit annual returns of research activities by May 31, and provide audited annual accounts by June 30 each year. It must apply for extension three months before the approval expires, submitting applications to the relevant authorities.
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