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of <h1>Textile Research Association Gains Approval Under Section 35(1)(ii) of Income-Tax Act for 1990-91; Must Submit Annual Reports</h1> The Man-Made Textile Research Association in Surat 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. The organization must maintain separate accounts for scientific research funds, submit annual scientific research activity returns by May 31 each year, and provide audited annual accounts by June 30 to relevant tax and research authorities. For extension of approval, the organization should apply three months before expiry, or as soon as possible if approval is received late, sending six copies to the Department of Scientific and Industrial Research.
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