Research approval under section 35 extends tax-deduction eligibility to IIT Bhilai applied retrospectively across specified assessment years. Central Government approves M/s Indian Institute of Technology, Bhilai under the category of University, College or other institution for Scientific Research and Research in Social Science and Statistical Research for purposes of clauses (ii) and (iii) of sub section (1) of section 35 of the Income tax Act, 1961 read with rules 5C and 5E, effective from assessment year 2021 2022 and applying through assessment years 2022 2023 to 2025 2026.
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Provisions expressly mentioned in the judgment/order text.
Research approval under section 35 extends tax-deduction eligibility to IIT Bhilai applied retrospectively across specified assessment years.
Central Government approves M/s Indian Institute of Technology, Bhilai under the category of University, College or other institution for Scientific Research and Research in Social Science and Statistical Research for purposes of clauses (ii) and (iii) of sub section (1) of section 35 of the Income tax Act, 1961 read with rules 5C and 5E, effective from assessment year 2021 2022 and applying through assessment years 2022 2023 to 2025 2026.
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