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of <h1>Nissan Ashok Leyland Technologies Ltd. Approved for Research Activities u/s 35 of Income-tax Act, 1961.</h1> M/s. Nissan Ashok Leyland Technologies Ltd., located in Chennai, has been approved under Section 35 of the Income-tax Act, 1961, for assessment years 2010-11 to 2012-13 as an institution engaged in research activities. The approval requires the company to use funds for scientific research, conduct research through its employees and assets, maintain separate audited accounts for research funds, and submit annual statements detailing research activities and finances. Failure to comply with these conditions may lead to withdrawal of approval. The company must also report any patents or publications and outline future research plans with financial allocations.
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