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of <h1>Physical Research Lab in Ahmedabad Approved as 'Scientific Research Association' Under Section 35(1)(ii) of Income-tax Act</h1> The Central Government has approved the organization, Physical Research Laboratory in Ahmedabad, as a 'scientific research association' under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2003, to March 31, 2008. The approval is contingent upon the organization solely conducting scientific research, maintaining audited financial records, and providing detailed statements of donations and expenditures for scientific research. The government reserves the right to revoke this approval if the organization fails to comply with these conditions, including maintaining accurate records, submitting required audits, or continuing genuine research activities.
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