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of <h1>Poonawalla Research Foundation Approved as Scientific Research Association Under Section 35(1)(ii) of Income-tax Act, 1961</h1> The Poonawalla Research Foundation in Bombay has been approved by the Indian Council of Medical Research as a 'Scientific Research Association' under section 35(1)(ii) of the Income-tax Act, 1961. This approval is valid from January 4, 1978, to January 3, 1980, for medical research purposes. The foundation is required to maintain separate accounts for funds received for scientific research and submit annual returns of its research activities to the Council by May 15 each year.
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