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<h1>Centre for Policy Research Gains Exemption Under Section 35(1)(ii) of Income-tax Act, Must Submit Annual Fund Report</h1> The Centre for Policy Research in New Delhi has been approved for exemption under section 35(1)(ii) of the Income-tax Act, as notified by Notification No. S.O.933 dated 11th February 1975. This approval is granted by the Indian Council of Social Science Research, the designated authority. The institution is required to submit an annual report to the Council detailing the funds collected under this exemption and their utilization. The notification is effective from 1st April 1974.