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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Child Trust Medical Research Foundation Gains Approval Under Section 35(1)(ii) of Income-tax Act for 1985-1986</h1> The Child Trust Medical Research Foundation in Madras has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Department of Science & Technology, New Delhi. This approval, effective from August 16, 1985, to December 31, 1986, requires the Foundation to maintain separate accounts for funds received for scientific research, submit annual returns of research activities by April 30, provide audited annual accounts by June 30, and apply for approval extension three months before expiry. Failure to comply with these conditions may result in rejection of extension applications.
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