Approval granted to 35 institutions mentioned hereunder under section 35(1)(ii) of the Income-tax Act, 1961 is withdrawn with immediate effect - S.O.304 - Income Tax Act, 1961
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Tax approval withdrawal under section 35(1)(ii) ends specified institutions' entitlement to research-related tax benefits immediately. Approval under section 35(1)(ii) of the Income-tax Act, 1961, granted to thirty-five specified agricultural, veterinary, fisheries and allied research institutions by Ministry of Finance Notification No. 2579 dated 15-11-1978, is withdrawn with immediate effect by Notification No. S.O.304 dated 29-10-1985, thereby terminating their approved status for the research-related deduction scheme.
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 withdrawal under section 35(1)(ii) ends specified institutions' entitlement to research-related tax benefits immediately.
Approval under section 35(1)(ii) of the Income-tax Act, 1961, granted to thirty-five specified agricultural, veterinary, fisheries and allied research institutions by Ministry of Finance Notification No. 2579 dated 15-11-1978, is withdrawn with immediate effect by Notification No. S.O.304 dated 29-10-1985, thereby terminating their approved status for the research-related deduction scheme.
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