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of <h1>M/s Dr. Patani Scientific and Industrial Research gains approval under Section 35(1)(ii) for tax benefits on research activities.</h1> Organization M/s Dr. Patani Scientific and Industrial Research, located in Mumbai, has been approved by the Central Government under Section 35(1)(ii) of the Income-tax Act, 1961, for the period from April 1, 2003, to March 31, 2006. This approval, under the category of a scientific research association, requires the organization to maintain separate accounts for research activities and submit audited income and expenditure accounts annually. The accounts must include a certificate from the auditor detailing funds received for scientific research and confirming that expenditures were incurred for such research.
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