Mechanical approval under search assessment law vitiates assessments when sanction lacks application of mind; retrospective curative provision cannot ...
The Central Government has approved an institution located in Ahmedabad as an entity engaged in social science or statistical research under the category of "Other Institution" for the purposes of section 35(1)(iii) of the Income-tax Act, 1961. This approval, granted under the relevant Income-tax Rules, applies for five assessment years from 2026-27 to 2030-31. The notification confirms that no individual or party is adversely affected by its retrospective effect.
The Central Government has approved an institution located in Ahmedabad as an entity engaged in social science or statistical research under the category of "Other Institution" for the purposes of section 35(1)(iii) of the Income-tax Act, 1961. This approval, granted under the relevant Income-tax Rules, applies for five assessment years from 2026-27 to 2030-31. The notification confirms that no individual or party is adversely affected by its retrospective effect.
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