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of <h1>Vipassana Research Institute Approved for Scientific Research Under Section 35(1)(iii) of Income-tax Act 1961</h1> The Vipassana Research Institute, located in Bombay, has been approved under section 35(1)(iii) of the Income-tax Act, 1961, for scientific research purposes. This approval, effective from April 8, 1991, to March 31, 1992, requires the institute to maintain separate accounts for research funds, submit annual scientific research activity returns by May 31, and provide audited annual accounts by June 30 to relevant authorities. For continued approval, the institute must apply for an extension three months before the current approval expires, with specific application procedures outlined for exceptional cases.
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