Exemption u/s 35(1)(ii) - Institution Research Society of the B. J. Medical College and Sassoon General Hospital, Poona - S.O.4558 - Income Tax Act, 1961
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Research institution approval under section 35(1)(ii) confirms tax-exemption recognition by the prescribed medical authority for research grants. The Indian Council of Medical Research is the prescribed authority for clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, and Notification S.O.4558 dated 11-12-1968 records that the Research Society of the B. J. Medical College and Sassoon General Hospital, Poona has been approved by that authority for purposes of the research-related tax exemption.
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 institution approval under section 35(1)(ii) confirms tax-exemption recognition by the prescribed medical authority for research grants.
The Indian Council of Medical Research is the prescribed authority for clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, and Notification S.O.4558 dated 11-12-1968 records that the Research Society of the B. J. Medical College and Sassoon General Hospital, Poona has been approved by that authority for purposes of the research-related tax exemption.
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