For the purpose of Section 35(1)(iii) - organization Central Power Research Institute, Bangalore has been approved

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....hat the organization Central Power Research Institute, Bangalore, has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with 1[Rules 5C and 5E] of the Income tax Rules, 1962 with effect from 1-4-2005 in the category of 'other Institution' partly engaged in research activities subject to the following co....

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....lied for scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above. 2. The Central Government shall withdraw the approval if the approved organization :- (a) fails to maintain books of account; or (b) fails to furnish its audit report; or (c) fails to furnish its statement of the sum received and sums applied for scient....