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of <h1>Talwar Research Foundation Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act, 1961</h1> Talwar Research Foundation, New Delhi, 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. The foundation is recognized as a 'scientific research association' with the sole objective of conducting scientific research. It must maintain and audit its financial records, submit audit reports, and keep a separate statement of donations and their application for research. The government may withdraw approval if the foundation fails to comply with these requirements or if its research activities are deemed non-genuine or non-compliant with the specified provisions.
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