Research institution approval under tax exemption provision enables recognition of an agricultural research body for deduction eligibility. The Indian Council of Agricultural Research, as the prescribed authority, has approved Bharatiya Krishi Udyog, Pratishthan (Bharatiya Agro-Industries Foundation), Uruli Kanchan, District Poona, for the purposes of the tax deduction provision relating to institutional research expenditure under section 35(1)(ii) of the Income-tax Act, thereby recognizing the institution's eligibility within the statutory research-expenditure exemption framework.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval under tax exemption provision enables recognition of an agricultural research body for deduction eligibility.
The Indian Council of Agricultural Research, as the prescribed authority, has approved Bharatiya Krishi Udyog, Pratishthan (Bharatiya Agro-Industries Foundation), Uruli Kanchan, District Poona, for the purposes of the tax deduction provision relating to institutional research expenditure under section 35(1)(ii) of the Income-tax Act, thereby recognizing the institution's eligibility within the statutory research-expenditure exemption framework.
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