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<h1>Hastimal Sancheti Memorial Trust Gains Tax Exemption for Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Hastimal Sancheti Memorial Trust in Poona has been approved by the Indian Council of Medical Research as an institution eligible for tax exemption under section 35(1)(ii) of the Income-tax Act, 1961. This approval is specifically for research purposes and is valid for a period of two years from December 15, 1975.