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<h1>Breach Candy Medical Research Centre Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act, 1961</h1> Breach Candy Medical Research Centre in Mumbai has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2003, as an institution partly engaged in research activities. The approval mandates that funds received must be used for scientific research, conducted by faculty or students, with separate audited accounts maintained. A certified statement of donations and expenditures for research must accompany the audit report. The approval may be revoked if the organization fails to comply with these conditions, including maintaining separate accounts, submitting audit reports, or continuing genuine research activities.