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of <h1>Karnataka Cancer Institute Receives Approval for Scientific Research under Section 35(1)(ii) of Income-tax Act, 1961</h1> The Karnataka Cancer Therapy and Research Institute in Hubli has been approved by the Department of Science and Technology under section 35(1)(ii) of the Income-tax Act, 1961. This approval is valid from June 2, 1983, to June 1, 1985. The institute must maintain a separate account for funds received for scientific research, submit annual returns of its research activities by April 30 each year, and provide audited annual accounts and balance sheets by June 30 to the prescribed authority and the concerned Commissioner of Income-tax.
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