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of <h1>C.R. Rao AIMSCS Approved as 'Scientific Research Association' Under Section 35(1)(ii) of Income-tax Act</h1> C.R. Rao Advanced Institute of Mathematics, Statistics and Computer Science (AIMSCS), Hyderabad, has received approval from the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, as a 'scientific research association' from the assessment year 2009-10 onwards. The approval mandates that the organization's sole objective is scientific research, which it must conduct independently. It must maintain audited financial records and submit an audit report and a certified statement of donations and expenditures for scientific research to the relevant tax authorities. The approval may be revoked if these conditions are not met or if the research activities are deemed non-genuine.
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