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of <h1>Consumer Education and Research Centre gains three-year approval under Section 35(1)(iii) of Income-tax Act, 1961.</h1> The Consumer Education and Research Centre in Ahmedabad has been approved under section 35(1)(iii) of the Income-tax Act, 1961, for a three-year period from April 1, 1982, to March 31, 1985. The approval by the Indian Council of Social Science Research is contingent upon several conditions: the funds collected under this exemption must be used solely for social science research, a separate account for these funds must be maintained, and annual statements and reports must be submitted to the prescribed authority and the concerned Commissioner of Income-tax. Any unutilized funds must be invested as prescribed under section 13(1)(d).
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