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<h1>Central Machine Tool Institute Gains Approval Under Section 35(1)(ii) for Tax Exemption from 1991 to 1993</h1> The Central Machine Tool Institute in Bangalore has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for the period from April 1, 1991, to March 31, 1993. The approval, granted by the Director-General of Income-tax (Exemptions) and the Secretary, Department of Scientific and Industrial Research, requires the institute to maintain separate accounts for scientific research funds, submit annual returns of its research activities by May 31, and provide audited annual accounts by June 30 each year. The institute should apply for approval extension three months before expiry, with specific procedures for exceptional cases.