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of <h1>Vasantdada Sugar Institute Gains Approval Under Section 35(1)(ii) of Income-tax Act for 1991-1992 Research Activities</h1> The Vasantdada Sugar Institute in Pune has been approved under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 1991, to March 31, 1992. The approval, granted by the Director-General of Income-tax (Exemptions) and the Secretary, Department of Scientific and Industrial Research, requires the Institute to maintain separate accounts for scientific research funds, submit annual scientific research activity returns by May 31, and provide audited annual accounts by June 30 to relevant authorities. The Institute must apply for approval extension three months before expiry, with specific procedures outlined for exceptional cases.
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