Gujarat Institute of Chemical Technology Gains Approval as Prescribed Authority Under Section 35(1)(ii) of Income-tax Act.
The Gujarat Institute of Chemical Technology in Ahmedabad has been approved by the Council of Scientific and Industrial Research as the prescribed authority under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval grants the institution an exemption under section 35(1)(ii) of the Income-tax Act, effective from the date of the notification, December 11, 1968, as per Notification No. S.O.4559.