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<h1>Birla Research Institute Approved for Tax Benefits Under Section 35(1)(ii) for Scientific Research Since 2001</h1> Birla Research Institute for Applied Sciences in Nagda, M.P., has been approved by the Central Government under Section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2001. The approval requires the institute to utilize funds for scientific research, conduct research through faculty or students, maintain separate audited accounts, and provide certified statements of donations and expenditures for research. The government may withdraw approval if the institute fails to comply with these conditions, such as not maintaining separate accounts, not submitting audit reports, or if its research activities are deemed non-genuine.