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of <h1>Institute of Design of Electrical Measuring Instruments Gains Tax Benefits Under Section 35(1)(ii) for 1991-1992 Period</h1> The Institute of Design of Electrical Measuring Instruments in Bombay has been approved for tax benefits under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 1991, to March 31, 1992. The approval requires the institute to maintain separate accounts for funds received for scientific research, submit annual scientific research activity reports by May 31, and provide audited financial statements by June 30 each year to relevant tax and research authorities. The institute must apply for approval extension three months before expiry, with applications sent to the relevant authorities.
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