Income tax exemption for scientific research institutions enabled by prescribed authority approval of the institution. Approval by the Council of Scientific and Industrial Research as the prescribed authority confers eligibility for income-tax exemption under clause (ii) ... Summary
Income tax exemption for scientific research institutions enabled by prescribed authority approval of the institution.
Approval by the Council of Scientific and Industrial Research as the prescribed authority confers eligibility for income-tax exemption under clause (ii) of sub section (1) of section 35 for Kothari Scientific and Research Institute, Calcutta; the notification records formal recognition of the institute for the purposes of that provision.
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