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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Hyderabad Eye Research Foundation gains approval under Income-tax Act Section 35(1)(ii) for scientific research activities.</h1> The Hyderabad Eye Research Foundation has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2007, for its partial engagement in research activities. The approval requires the organization to utilize funds for scientific research, conduct research through faculty or students, maintain separate audited accounts for research funds, and provide certified statements of donations and expenditures. Failure to comply with these conditions, such as maintaining separate accounts, submitting audit reports, or continuing genuine research activities, may result in the withdrawal of this approval by the Central Government.