Scientific research programme has been approved for the period specified below for the purpose of sub-section (2A) of section 35 of the Income-tax Act, 1961 - S.O.403 - Income Tax Act, 1961
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Tax approval under section 35(2A) enables sponsor-funded scientific research projects to qualify for notified tax treatment. Approval under section 35(2A) of the Income-tax Act, 1961 is recorded for two research projects-development of a fibre-optic laser current transformer and a device for measuring B-H curves-sponsored by M/s. W. S. Insulators of India Ltd., Madras, and implemented by the Indian Institute of Technology, Madras, with specified start/completion dates and estimated outlays; IIT Madras is noted as previously approved and eligible to accept sponsored projects.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax approval under section 35(2A) enables sponsor-funded scientific research projects to qualify for notified tax treatment.
Approval under section 35(2A) of the Income-tax Act, 1961 is recorded for two research projects-development of a fibre-optic laser current transformer and a device for measuring B-H curves-sponsored by M/s. W. S. Insulators of India Ltd., Madras, and implemented by the Indian Institute of Technology, Madras, with specified start/completion dates and estimated outlays; IIT Madras is noted as previously approved and eligible to accept sponsored projects.
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