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of <h1>Arogyaseva Medical Academy Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Central Government has approved an organization, Arogyaseva Medical Academy of India, Pune, under Section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2006, for scientific research purposes. The organization must utilize funds for research, conduct research through faculty or students, maintain separate audited accounts for research funds, and provide a certified statement of donations and expenditures. Approval may be withdrawn if the organization fails to maintain separate accounts, furnish audit reports, provide donation statements, or ceases genuine research activities, or fails to comply with relevant legal provisions.
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