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<h1>Medical Research Centre of Bombay Hospital Trust Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act.</h1> The Medical Research Centre of Bombay Hospital Trust has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. This approval is effective from April 1, 1989, to March 31, 1990. The organization must maintain separate accounts for research funds, submit annual returns of research activities by May 31 each year, and provide audited annual accounts by June 30. For further approval extensions, applications must be submitted three months before expiry to the Director-General (Income-tax Exemptions) and the Department of Scientific and Industrial Research.