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<h1>Indian Institute of Economics gets Income-tax Act Section 35(1)(iii) approval for research funding from 1977 to 1980.</h1> The Indian Institute of Economics, Hyderabad, has been approved by the Indian Council of Social Science Research under section 35(1)(iii) of the Income-tax Act, 1961. This approval is effective from December 1, 1977, to November 30, 1980. The Institute must use the funds collected under this exemption exclusively for promoting research in social sciences. It is required to maintain separate accounts for these funds and submit an annual report to the Indian Council of Social Science Research detailing the funds collected and their utilization.