Research exemption under section 35(1)(ii) recognised for Vedhashala Astronomical Observatory, enabling prescribed-authority approval for tax benefit. Notification S.O.2984 dated 20-8-1968 notifies that Vedhashala Astronomical Observatory, Ahmedabad 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, thereby designating the institution for the statutory research expenditure exemption regime.
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Provisions expressly mentioned in the judgment/order text.
Research exemption under section 35(1)(ii) recognised for Vedhashala Astronomical Observatory, enabling prescribed-authority approval for tax benefit.
Notification S.O.2984 dated 20-8-1968 notifies that Vedhashala Astronomical Observatory, Ahmedabad 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, thereby designating the institution for the statutory research expenditure exemption regime.
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