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of <h1>Institute of Road Transport Approved for Tax Exemptions Under Section 35(1)(ii) for Scientific Research Funding</h1> The Institute of Road Transport, Madras, has been approved by the Secretary, Department of Science & Technology, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961. This approval allows the institution to receive tax exemptions for funds used in scientific research in natural and applied sciences, excluding agriculture, animal husbandry, fisheries, and medicine. The institute must maintain separate accounts for these funds and submit annual returns of their research activities to the prescribed authority. This approval is valid from April 9, 1976, to April 8, 1979.
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