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of <h1>Thapar Centre Approved for Scientific Research Funding Under Section 35(1)(ii) of Income-tax Act, 1961</h1> Thapar Centre for Industrial Research & Development, Patiala, has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, effective from the assessment year 2004-05. This approval allows the institution to receive funds for scientific research, subject to conditions such as utilizing funds for research, conducting research through faculty or students, maintaining separate audited accounts, and providing detailed statements of donations and expenditures. The approval may be withdrawn if the institution fails to meet these conditions or if its research activities are deemed non-genuine or non-compliant with the specified provisions.
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