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<h1>Approval as scientific research association under income tax law imposed with specific accounting and annual reporting conditions.</h1> Approval is granted to J. K. Scientific and Medical Research Society as a scientific research association in medical research, subject to maintaining a separate account for research receipts, furnishing annual returns of research activities to the prescribed Council by 31st May in the prescribed form, and furnishing an annual audited statement of accounts to the Council by 31st May with a copy to the concerned Income-tax Commissioner; approval is effective for a specified two-year period.