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of <h1>Wool Research Association Approved for Tax Exemption Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Wool Research Association in Bombay has been approved by the Council of Scientific and Industrial Research as the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval grants the institution an exemption under section 35(1)(ii) of the Income-tax Act. This notification was issued under Notification No. S.O.347, dated January 20, 1964, for general information.
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