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of <h1>National Institute for Training in Industrial Engineering Gains Approval for Scientific Research Under Section 35(1)(ii) of Income-tax Act</h1> The National Institute for Training in Industrial Engineering in Bombay has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. This approval, effective from April 8, 1991, to March 31, 1993, is contingent upon maintaining separate accounts for research funds, submitting annual returns of research activities by May 31, and providing audited annual accounts by June 30 to relevant authorities. The organization must apply for an extension of approval three months before expiration. In certain cases, applications can be submitted soon after receiving the approval order.
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