Research expenditure deduction: approval and Central Government notification required, with protection for deductions despite later withdrawal. Amendment to section 35 requires prescribed approval and Central Government notification in the Official Gazette for institutions to qualify for research-related deductions, replaces references to authority with Government, mandates that post-enactment applications be processed within twelve months, and inserts Explanations preserving deductions even if subsequent withdrawal of approval to institutions or programmes occurs.
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Provisions expressly mentioned in the judgment/order text.
Research expenditure deduction: approval and Central Government notification required, with protection for deductions despite later withdrawal.
Amendment to section 35 requires prescribed approval and Central Government notification in the Official Gazette for institutions to qualify for research-related deductions, replaces references to authority with Government, mandates that post-enactment applications be processed within twelve months, and inserts Explanations preserving deductions even if subsequent withdrawal of approval to institutions or programmes occurs.
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