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of <h1>Mandke Foundation in Mumbai Approved for Scientific Research under Section 35(1)(ii) of Income-tax Act 1961</h1> The Central Government has approved an organization in Mumbai, referred to as Mandke Foundation, under Section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2003. This approval is for the organization's involvement in scientific research activities. Conditions include utilizing funds for scientific research, conducting research through faculty or students, maintaining audited financial records, and submitting audit reports and donation statements. The approval may be revoked if the organization fails to comply with these conditions, maintain genuine research activities, or adhere to the relevant provisions of the Income-tax Act and Rules.
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