Tata Memorial Centre approved for scientific research under Section 35(1)(ii) of the Income-tax Act, 1961.

The Tata Memorial Centre in Bombay has been approved by the Department of Science and Technology under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. This approval is valid from February 7, 1985, to March 31, 1988. The institution must maintain separate accounts for research funds, submit annual returns of its research activities by April 30, and provide audited financial statements by June 30 each year. Additionally, it must apply for approval renewal three months before expiry to avoid rejection.

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