Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
The Central Government has approved an international hospital and research center, operating under an orphanage committee in Kerala, as an institution eligible for scientific research benefits under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval, effective for five assessment years from 2026-27 to 2030-31, classifies the entity under the category of "Other Institution" for tax purposes. The notification confirms that no individual is adversely impacted by the retrospective application of this approval.
The Central Government has approved an international hospital and research center, operating under an orphanage committee in Kerala, as an institution eligible for scientific research benefits under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval, effective for five assessment years from 2026-27 to 2030-31, classifies the entity under the category of "Other Institution" for tax purposes. The notification confirms that no individual is adversely impacted by the retrospective application of this approval.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
