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<h1>Ramniranjan Jhunjhunwala College Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act</h1> The notification announces that Ramniranjan Jhunjhunwala College in Bombay has been approved by the Department of Scientific and Industrial Research, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. The college must maintain separate accounts for research funds, submit annual returns of research activities by May 31, and provide audited financial accounts by June 30 each year. Additionally, the college must apply for approval extension three months before expiry. This approval is valid from April 1, 1987, to March 31, 1990.