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of <h1>Indraprastha Cancer Society gains approval under Section 35(1)(ii) of Income-tax Act for scientific research funding.</h1> Indraprastha Cancer Society and Research Centre, New Delhi, has received approval from the Central Government under Section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2005. This approval, in the category of 'other Institution', is contingent upon conditions such as utilizing funds for scientific research, conducting research through faculty or students, maintaining separate audited accounts for research funds, and submitting audit reports and donation statements. The approval can be revoked if the organization fails to meet these conditions or ceases genuine research activities.
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