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<h1>Breach Candy Medical Research Centre Approved for Scientific Research under Section 35(1)(ii) of Income-tax Act, 1961</h1> The Breach Candy Medical Research Centre in Bombay has been approved by the Department of Science and Technology, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. This approval is valid from December 7, 1984, to March 31, 1986. The institution must maintain separate accounts 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 each year to the prescribed authority and the Commissioner of Income-tax.