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of <h1>Pune Medical Research Society gains approval for scientific research under Section 35(1)(ii) of Income-tax Act, 1961.</h1> The Pune Medical Research Society in Pune 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. The institution must maintain separate accounts for research funds, submit annual scientific research activity returns by April 30, and provide audited financial statements by June 30 each year to the prescribed authority and the Commissioner of Income-tax. The institution must apply for approval extension three months before expiry. This approval is valid from December 28, 1985, to March 31, 1987.
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