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<h1>Sri Satya Sai Institute approved for tax benefits under Section 35(1)(iii) of Income-tax Act, 1961 for three years.</h1> The Sri Satya Sai Institute of Research in Bombay has been approved by the Indian Council of Social Science Research as an eligible institution under clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval is valid for three years starting from April 1, 1973. The institution is required to submit an annual report of its research activities and a statement of accounts detailing the funds received and their utilization to the Indian Council of Social Science Research in New Delhi.