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of <h1>Kerala Forest Research Institute Gets Income Tax Act Section 35(1)(ii) Approval for 1990-1991; Must Maintain Separate Accounts</h1> The Kerala Forest Research Institute, Peechi, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for the period from April 1, 1990, to March 31, 1991. This 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 research activity returns by May 31, and provide audited financial accounts by June 30 each year. For approval extensions, applications must be submitted three months before expiry, or soon after approval receipt in exceptional cases.
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