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of <h1>Research Centre Approved for Tax Benefits Under Section 35(1)(ii) of Income-tax Act for 1999-2000 Period</h1> The International Advanced Research Centre for Metallurgy and New Materials in Hyderabad has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, for the period from April 1, 1999, to March 31, 2000. The approval requires the organization to maintain separate books for its research activities, submit an annual return of scientific research activities by May 31 each year, and provide audited annual accounts and income and expenditure accounts by October 31 each year to designated authorities, including the Director-General of Income-tax (Exemptions) and the Secretary of the Department of Scientific and Industrial Research.
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