Exemption under section 35(1)(ii) confirmed for an approved research institution; prescribed authority approval enables deduction. The Central Board of Irrigation and Power, New Delhi, has been approved by the Council of Scientific and Industrial Research as the prescribed authority for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, placing the institution within the statutory category eligible under that provision for research related deduction treatment.
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.
Exemption under section 35(1)(ii) confirmed for an approved research institution; prescribed authority approval enables deduction.
The Central Board of Irrigation and Power, New Delhi, has been approved by the Council of Scientific and Industrial Research as the prescribed authority for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, placing the institution within the statutory category eligible under that provision for research related deduction treatment.
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