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of <h1>Central Power Research Institute Gains Tax Approval Under Section 35 for 2000-2002, Must Maintain Separate Research Accounts</h1> The Central Government has approved the Central Power Research Institute under sub-section (1) of section 35 of the Income Tax Act, 1961, effective from April 1, 2000, to March 31, 2002. The approval is contingent upon the institution maintaining separate accounts for its research activities and submitting annual returns of its scientific research activities by May 31 each year. Additionally, by October 31 each year, the institution must provide audited annual accounts and income and expenditure accounts to the Director General of Income-tax (Exemptions), the Secretary of the Department of Scientific & Industrial Research, and the relevant tax authorities. Renewal applications should be submitted in triplicate well in advance.
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