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of <h1>Batra Medical Research Centre Gains Approval Under Section 35(1)(ii) of Income-tax Act for 1991-1992 Research Activities</h1> The Batra Medical Research Centre in Srinagar has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Director-General of Income-tax (Exemptions) and the Secretary, Department of Scientific and Industrial Research. This approval, effective from April 1, 1991, to March 31, 1992, requires the Centre to maintain separate accounts for scientific research funds, submit annual research activity returns by May 31, and provide audited annual accounts by June 30 to relevant authorities. The Centre must apply for approval extension three months before expiration, with specific procedures for exceptional cases.
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