Worked on getting the RC board to communicate with Arduino. Deductive logic did not work at its best here. I managed to switch a couple of LEDs on and off using the remote control; but the input from the board seems to 'change' after a while. I guess it has to do with the Italian and the Chinese ideology which went behind making the circuits.
Anyways I am determined to make them talk to each other despite of their cultural differences.
Will keep a note of latest happenings on that front here.

Bought this RC car on sunday; intending to pry it open and use with Arduino. Work has started, though only after office. Hopefully, I shall put up my creation here... soon.