For the purpose of Section 35(1)(ii) - organization Zandu Foundation for Health Care, Mumbai has been approved

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....y notified for general information that the organization Zandu Foundation for Health Care, Mumbai has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with ^1[Rules 5C and 5E] of the Income-tax Rules, 1962 (said Rules) with effect from 1-4-2003 in the category of 'other Institution, partly engag....

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....anization shall maintain a separate statement of donations received and amounts applied for scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above; 2. The Central Government shall withdraw the approval if the approved organization:- (a) fails to maintain books of account referred to in sub-paragraph (iii)....