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of <h1>Medical Research Centre of Bombay Hospital Trust Approved Under Section 35(1) of Income-tax Act, 1961</h1> The Central Government has approved the Medical Research Centre of Bombay Hospital Trust under section 35(1) of the Income-tax Act, 1961, effective from April 1, 2000, to March 31, 2003. The approval is contingent upon the institution maintaining separate accounts for research activities, submitting annual scientific research activity returns by May 31, and providing audited annual accounts and income statements by October 31 to specified authorities. The institution must apply for renewal of approval in triplicate to the Central Government through the relevant tax authorities and send copies to the Department of Scientific and Industrial Research.
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