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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Fluid Control Research Institute Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act, 1961</h1> Fluid Control Research Institute, Palakkad, has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2008, for scientific research purposes. The organization must use funds for scientific research, conduct research through faculty or students, maintain separate audited accounts for research funds, and submit audit reports and donation statements to the relevant tax authorities. Approval may be withdrawn if the institute fails to comply with these conditions, maintain genuine research activities, or adhere to the specified provisions and rules.
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