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of <h1>Graphic Arts Research Institute Approved Under Section 35(1)(ii) for Tax Benefits; Must Report Annually on Funds and Activities.</h1> The Research Institute for Graphic Arts in 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 March 12, 1981, to March 11, 1984, requires the institute to maintain separate accounts for funds received for scientific research in natural and applied sciences, excluding agriculture, animal husbandry, fisheries, and medicine. The institute must submit an annual return of its research activities and financial statements to the prescribed authority and the Commissioner of Income-tax by April 30 each year.
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