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of <h1>Petroleum Conservation Research Association Approved for Funding Under Section 35(1)(ii) of Income-tax Act for Scientific Research</h1> The Petroleum Conservation Research Association, New Delhi, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Secretary of the Department of Science and Technology. This approval, effective from January 18, 1979, to January 17, 1982, allows the association to receive funds for scientific research in natural or applied sciences, excluding agriculture, animal husbandry, fisheries, and medicines. The association must maintain a separate account for these funds and submit annual returns of its scientific research activities to the prescribed authority by April 30 each year.
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