Tax exemption under section 35(1)(ii): institute approved for research deduction eligibility by prescribed authority in notification. The Commonwealth Institute of Biological Control, Indian Central, Bangalore-6 is approved by the Indian Council of Agricultural Research, the prescribed authority, as an eligible institution for the research expenditure exemption under clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, as notified in Notification No. S.O.3320 dated 9-8-1971.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 35(1)(ii): institute approved for research deduction eligibility by prescribed authority in notification.
The Commonwealth Institute of Biological Control, Indian Central, Bangalore-6 is approved by the Indian Council of Agricultural Research, the prescribed authority, as an eligible institution for the research expenditure exemption under clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, as notified in Notification No. S.O.3320 dated 9-8-1971.
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