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of <h1>IIT Kanpur Approved for Scientific Research Funding under Section 35(1)(ii) of Income-tax Act, 1961</h1> Indian Institute of Technology, Kanpur has been approved by the Central Government under Section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2007. This approval allows the institution, categorized as a 'University', to receive funds for scientific research. Conditions include using funds for research, conducting research through faculty or students, maintaining separate audited accounts for research funds, and providing certified statements of donations and expenditures. The approval may be withdrawn if the institution fails to adhere to these conditions, ceases genuine research activities, or does not comply with relevant legal provisions.
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