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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Blood Research Centre Approved for Tax Benefits Under Section 35(1)(ii) of Income-tax Act, 1961</h1> The Blood Research Centre in Bombay has been approved by the Indian Council of Medical Research as a 'scientific research association' for medical research under section 35(1)(ii) of the Income-tax Act, 1961. This approval is valid from January 23, 1981, to January 22, 1984. The Centre is required to maintain separate accounts for research funds, submit annual returns of its research activities by May 31 each year, and provide an annual audited statement of accounts to the Council and the concerned Income-tax Commissioner within the same timeframe.
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