Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
An institute was accorded approval under section 35(1)(iia) of the Income-tax Act, 1961 read with Rule 5F of the Income-tax Rules, 1962, for carrying out scientific research, by the Principal Chief Commissioner of Income Tax (Exemptions). The notification grants this approval retrospectively and is effective for five assessment years, A.Y. 2022-23 through A.Y. 2026-27. The explanatory memorandum certifies that no person is adversely affected by granting retrospective effect.
An institute was accorded approval under section 35(1)(iia) of the Income-tax Act, 1961 read with Rule 5F of the Income-tax Rules, 1962, for carrying out scientific research, by the Principal Chief Commissioner of Income Tax (Exemptions). The notification grants this approval retrospectively and is effective for five assessment years, A.Y. 2022-23 through A.Y. 2026-27. The explanatory memorandum certifies that no person is adversely affected by granting retrospective effect.
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