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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Aravind Medical Research Foundation Approved for Tax Benefits Under Section 35(1)(ii) of Income Tax Act, 1961</h1> The Central Government has approved an organization, referred to as M/s Aravind Medical Research Foundation, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income Tax Act, 1961. This approval is effective from April 1, 2002, to March 31, 2005. The organization must maintain separate accounts for its research activities, submit annual returns, and provide audited accounts to relevant authorities by specified deadlines. The organization is advised to apply for renewal of approval well in advance through the appropriate tax authorities. The notification is issued by the Director of Income Tax Administration.
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