Research exemption approved for Indian Academy of Medical Sciences; prescribed authority recognition enables eligible research expenditure tax treatment. The Indian Academy of Medical Sciences, New Delhi, has been approved by the Indian Council of Medical Research as the prescribed authority recognition for the purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, thereby qualifying the institution for the research expenditure exemption under that provision, as notified for general information.
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.
Research exemption approved for Indian Academy of Medical Sciences; prescribed authority recognition enables eligible research expenditure tax treatment.
The Indian Academy of Medical Sciences, New Delhi, has been approved by the Indian Council of Medical Research as the prescribed authority recognition for the purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, thereby qualifying the institution for the research expenditure exemption under that provision, as notified for general information.
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