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<h1>University Approved for Scientific Research Funding Under Section 35(1)(ii) of Income-tax Act 1961; Compliance Mandatory</h1> The Central Government has approved an organization, identified as a university and partly engaged in research activities, under Section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2004. The approval requires the organization to use funds for scientific research, conduct research through faculty or students, maintain audited accounts, and keep a record of donations and their use. Approval may be revoked if the organization fails to maintain accounts, submit audit reports, provide donation statements, or ceases genuine research activities or compliance with the specified legal provisions.