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<h1>Institute Gains Approval for Social Science Research Under Section 35(1)(iii) of Income-tax Act, 1961</h1> The Institute for Studies in Industrial Development, New Delhi, has been approved by the Central Government under section 35(1)(iii) of the Income-tax Act, 1961, effective from April 1, 2000. This approval is for its role as an institution partly engaged in research activities, specifically in social sciences. Conditions include utilizing funds for social science research, conducting research through faculty or students, maintaining separate audited accounts for research funds, and providing certified statements of donations and expenditures. The approval may be withdrawn if the organization fails to comply with these conditions or ceases genuine research activities.