Tax exemption for research institutions confirmed after prescribed authority approval, qualifying medical study group for income tax research relief. The Study Group of Tetanus, K. E. M. Hospital, Bombay, has been approved by the Indian Council of Medical Research as the prescribed authority for purposes of the research exemption under clause (ii) of sub section (1) of section 35 of the Income tax Act, thereby qualifying the institution for the statutory tax exemption on approved research expenditure.
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 exemption for research institutions confirmed after prescribed authority approval, qualifying medical study group for income tax research relief.
The Study Group of Tetanus, K. E. M. Hospital, Bombay, has been approved by the Indian Council of Medical Research as the prescribed authority for purposes of the research exemption under clause (ii) of sub section (1) of section 35 of the Income tax Act, thereby qualifying the institution for the statutory tax exemption on approved research expenditure.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
