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of <h1>National Centre for Cell Science, Pune, gains 'Scientific Research Association' status u/s 35 of Income-tax Act, 1961.</h1> The Central Government has approved the National Centre for Cell Science, Pune, as a 'Scientific Research Association' under section 35 of the Income-tax Act, 1961, effective from the 2019-20 assessment year. The organization must focus solely on scientific research and maintain separate audited accounts for research funds. It must also submit detailed reports on research activities, publications, patents, and future projects to the relevant tax authorities. Failure to comply with these conditions, such as maintaining separate accounts or continuing genuine research activities, may result in the withdrawal of this approval.
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