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<h1>Poona Medical Foundation Approved for Tax Exemption Under Section 35(1)(ii) of Income-tax Act Effective April 1, 1973.</h1> The Poona Medical Foundation in Poona has been approved by the Indian Council of Medical Research as an institution eligible for the exemption under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval is effective from April 1, 1973, as per Notification No. S.O.283 dated December 4, 1973.