Scientific Research approval recognizes Sri Shankara Cancer Foundation as eligible institution for tax deduction applicability across specified assessment years. The Central Government has approved Sri Shankara Cancer Foundation, Bangalore as a 'University, College or other institution' for scientific research under clause (ii) of sub section (1) of section 35 read with the Income tax Rules, with retrospective effect from the previous year 2021 22 and applicability for assessment years 2022 23 to 2026 27, and an explanatory memorandum certifies no person is adversely affected by the retrospective application.
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Provisions expressly mentioned in the judgment/order text.
Scientific Research approval recognizes Sri Shankara Cancer Foundation as eligible institution for tax deduction applicability across specified assessment years.
The Central Government has approved Sri Shankara Cancer Foundation, Bangalore as a 'University, College or other institution' for scientific research under clause (ii) of sub section (1) of section 35 read with the Income tax Rules, with retrospective effect from the previous year 2021 22 and applicability for assessment years 2022 23 to 2026 27, and an explanatory memorandum certifies no person is adversely affected by the retrospective application.
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