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<h1>Government approves research institute under section 35(1)(iia) read with Rule 5F for AY2022-23 to AY2026-27</h1> A government notification grants approval under section 35(1)(iia) of the Income-tax Act, 1961 read with Rule 5F of the Income-tax Rules, 1962, to a research institute for carrying out 'scientific research' for tax purposes. The approval is effective for five assessment years, from AY 2022-23 to AY 2026-27. The Principal Chief Commissioner of Income Tax (Exemptions) issued the order and certified in an explanatory memorandum that no person is adversely affected by giving the notification retrospective effect.