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of <h1>Management Development Institute New Delhi gains 5-year approval under Income-tax Act Section 35(1)(iii) for research funding.</h1> The Management Development Institute in New Delhi has been granted approval by the Indian Council of Social Science Research under clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval is valid for five years starting from April 1, 1973. The institution is required to submit an annual report to the I.C.S.S.R. detailing the funds received under this exemption and the research programs funded by these resources.
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