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of <h1>Gujarat Energy Development Agency Gains Approval Under Section 35(1)(ii) of Income-tax Act for Scientific Research Funding</h1> The Gujarat Energy Development Agency, located in Vadodara, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Director-General of Income-tax (Exemptions) and the Secretary, Department of Scientific and Industrial Research. This approval is valid from February 8, 1991, to March 31, 1992, and requires the agency to maintain separate accounts for scientific research funds, submit annual scientific activity returns by May 31, and provide audited accounts by June 30 each year. The agency must apply for extension three months before the approval expires, following specific procedures.
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