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<h1>Indian Academy of Medical Sciences gains exemption under section 35(1)(ii) of Income-tax Act, 1961. Notification S.O.476 issued.</h1> The Indian Academy of Medical Sciences in New Delhi has been approved by the Indian Council of Medical Research as the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval grants the institution an exemption under section 35(1)(ii) of the Income-tax Act. The notification, identified as S.O.476, was issued on February 3, 1965, to inform the public of this approval.