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of <h1>Indian Institute of Petroleum Approved for Scientific Research Funding Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Indian Institute of Petroleum, Dehradun, has been approved by the Department of Science & Technology, New Delhi, as an institution under section 35(1)(ii) of the Income-tax Act, 1961. This approval, effective from March 12, 1979, allows the institute to receive funds for scientific research in natural or applied sciences, excluding agriculture, animal husbandry, fisheries, and medicine. The institute must maintain separate accounts for these funds and submit an annual return of its scientific research activities to the prescribed authority by April 30 each year.
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