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    <title>Approved Mahyco Research Foundations, Bombay u/s 35(1)(ii)</title>
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    <description>Mahyco Research Foundations is approved as an Institution under clause (ii) of sub section (1) of section 35 of the Income tax Act, conditional on maintaining separate accounts for scientific research, furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director General (Exemptions), the Secretary, and the local Commissioner/Director of Income tax (Exemptions) by 30 June; approval covers 1 April 1990 to 31 March 1991 and sets out procedures for extension.</description>
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