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of <h1>Foundation for Medical Research approved under Section 35(1)(ii) of Income-tax Act for scientific research; conditions apply.</h1> The Foundation for Medical Research in Bombay has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Department of Scientific and Industrial Research for scientific research purposes. The approval is subject to conditions including maintaining a separate account for research funds, submitting annual research activity returns by April 30, and providing audited financial statements by June 30 each year. The institution must apply for approval renewal three months before expiry. This notification is valid from January 15, 1983, to March 31, 1986.
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