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of <h1>Systems Research Institute Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act, 1961</h1> The Systems Research Institute in Pune has been approved by the Department of Science & Technology, New Delhi, as an institution for scientific research under section 35(1)(ii) of the Income-tax Act, 1961. This approval, effective from April 1, 1978, to March 31, 1981, requires the institute to maintain separate accounts for funds received for research in natural or applied sciences, excluding agriculture, animal husbandry, fisheries, and medicine. Additionally, the institute must submit an annual return of its research activities to the prescribed authority by April 30 each year.
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