Research institution approval for tax exemption under section 35 confirms eligibility and governs deduction treatment. Approval by the prescribed authority recognised N.M. Wadia Institute of Cardiology, Poona as qualifying under clause (ii) of sub section (1) of section 35 ... Summary
Research institution approval for tax exemption under section 35 confirms eligibility and governs deduction treatment.
Approval by the prescribed authority recognised N.M. Wadia Institute of Cardiology, Poona as qualifying under clause (ii) of sub section (1) of section 35 of the Income tax Act, conferring entitlement to research related exemption treatment; a subsequent notification withdrew that approval, delimiting the temporal scope of recognition for exemption purposes.
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