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of <h1>Motilal Nehru Regional Engineering College Approved for Tax Benefits Under Section 35(1)(ii) of Income-tax Act, 1961</h1> The notification announces the approval of Motilal Nehru Regional Engineering College, Allahabad, by the Secretary of the Department of Science & Technology, New Delhi, as a recognized institution under section 35(1)(ii) of the Income-tax Act, 1961. This approval is effective from April 1, 1976, and requires the college to maintain a separate account for funds received for scientific research in natural and applied sciences, excluding agriculture, animal husbandry, fisheries, and medicine. Additionally, the college must submit an annual return of its scientific research activities to the prescribed authority by April 30 each year.
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