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of <h1>Institute of Road Transport Approved Under Section 35(1)(ii) for Scientific Research Funding; Follow Reporting and Renewal Guidelines</h1> The Institute of Road Transport, Taramani, Madras, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Director-General (Income-tax Exemptions) and the Secretary, Department of Scientific and Industrial Research. This approval, effective from April 1, 1989, to March 31, 1990, requires the organization to maintain separate accounts for scientific research funds, submit annual returns of research activities by May 31, and provide audited accounts by June 30 each year. For approval extension, applications must be submitted three months before expiry to the relevant authorities.
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