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of <h1>Government Withdraws Section 35(1)(ii) Tax Benefits for Non-Compliant Scientific Research Entities</h1> The Central Government has withdrawn previously granted approvals under section 35(1)(ii) of the Income-tax Act, 1961, which allowed certain organizations tax benefits for scientific research activities. The approvals for three entities, initially granted between 2007 and 2010, have been rescinded effective from their respective original approval dates. The withdrawal follows non-compliance with conditions such as maintaining proper accounts, furnishing audit reports, and conducting genuine research activities. Consequently, these notifications are deemed never to have been issued, nullifying any tax benefits claimed under the Act or related laws for the specified periods. The government has directed relevant authorities to take necessary action in light of these withdrawals.
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