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of <h1>Bhagavan Mahavir Medical Research Centre gains approval under Section 35(1)(ii) of the Income-tax Act for 1989-1990.</h1> Bhagavan Mahavir Medical Research Centre in Hyderabad has been approved under section 35(1)(ii) of the Income-tax Act, 1961, effective from May 25, 1989, to March 31, 1990. The approval, granted by the Director-General (Income-tax Exemptions) and the Secretary, Department of Scientific and Industrial Research, requires the Centre to maintain separate accounts for scientific research funds, submit annual returns of research activities by May 31, and provide audited annual accounts by June 30 each year. The Centre must apply for approval extension three months before expiry, submitting necessary documents to relevant authorities.
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