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<h1>Birla Institute of Medical Research Gains Approval for Tax Benefits under Section 35(1)(ii) for 1984-1986</h1> The Birla Institute of Medical Research in Gwalior has been approved by the Department of Science & Technology, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961. This approval is valid from March 26, 1984, to March 31, 1986. 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, including income, expenditure, and balance sheet, to the prescribed authority and the Commissioner of Income-tax by June 30 each year.