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of <h1>Medical Research Society Approved for Tax Benefits Under Section 35(1)(ii) for 1985-1987; Must Meet Compliance Conditions</h1> The Smt. Lubhuben Govindbhai Mistry Medical Research Society in Bharuch, Gujarat, has been approved by the Department of Science and Technology, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961. This approval is for the period from April 11, 1985, to March 31, 1987, for activities in natural and applied sciences. The society must maintain separate accounts for scientific research funds, submit annual returns and audited accounts, and apply for approval extension three months before expiry. Failure to comply with these conditions may result in rejection of extension applications.
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