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of <h1>Madras Institute of Technology approved for scientific research under Section 35(1)(ii) of Income-tax Act 1961.</h1> The Madras Institute of Technology, Madras, has been approved by the Secretary of the Department of Science and Technology, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research in natural or applied sciences, excluding agriculture, animal husbandry, fisheries, and medicines. The institution must maintain separate accounts for funds received for scientific research and submit an annual return of its research activities to the prescribed authority by April 30 each year. This notification is effective from September 23, 1977.
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