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of <h1>Institute of Bioinformatics in Bangalore gains approval under Section 35(1)(ii) for research, effective 2009-2010, with conditions.</h1> The Institute of Bioinformatics in Bangalore has been approved by the Central Government as an organization under section 35(1)(ii) of the Income-tax Act, 1961, effective from the 2009-2010 assessment year. This approval is for conducting research in social sciences and requires the institute to maintain separate audited accounts for research funds, including a certified statement of donations and expenditures. The approval is contingent upon compliance with specified conditions, and failure to adhere to these conditions, such as maintaining proper accounts or conducting genuine research, may lead to the withdrawal of approval by the Central Government.
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