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<h1>Usha Scientific Research Institute Approved for Tax Exemption u/s 35 of Income-tax Act, 1961.</h1> The Usha Scientific Research Institute in Calcutta has been approved by the Department of Science & Technology as a recognized institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval grants the institution an exemption effective from April 1, 1974, to March 31, 1977, allowing it to benefit from certain tax deductions related to scientific research activities.