Research exemption recognition: Council approval designates an institute as prescribed authority enabling tax treatment under the research expenditure provision. Notification declares Dalmia Institute of Scientific and Industrial Research, Rajgangpur (Orissa) approved by the Council of Scientific & Industrial ... Summary
Research exemption recognition: Council approval designates an institute as prescribed authority enabling tax treatment under the research expenditure provision.
Notification declares Dalmia Institute of Scientific and Industrial Research, Rajgangpur (Orissa) approved by the Council of Scientific & Industrial Research as the prescribed authority for purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, qualifying the institution within the statutory framework governing research expenditure exemptions.
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