Approved Institution "Medical Research Centre of Bombay Hospital Trust, Bombay" u/s 35(1)(ii)

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....institutions on perpetual basis under section 35(1)(ii) of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue) Notification No. 22 (F. No. 203/11/69-ITA. II) dated 21-3-1969, is hereby converted into time-bound approval valid up to 31-3-1987 subject to the following conditions :-- (i) It will maintain a separate account of the sums received by it for scientific research. ....