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<h1>Govt Tool Room & Training Centre approved under Section 35(1)(ii) of Income-tax Act for research activities 2000-2002.</h1> The Central Government has approved an organization, identified as M/s Government Tool Room & Training Centre, for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval is effective from April 1, 2000, to March 31, 2002. The organization must maintain separate accounts for research activities and submit annual returns and audited financial statements to designated authorities by specified deadlines. For renewal of approval, the organization must apply in advance to the Central Government and send copies to relevant tax and research departments.