Exemption under Section 35: prescribed authority approval enables institution to qualify for research-related tax benefits. The Indian Council of Social Science Research has approved the All India Management Association, New Delhi, for purposes of the Income-tax Act provision governing deductions/exemptions for payments to approved research institutions, and a notification records this institutional recognition under section 35(1).
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.
Exemption under Section 35: prescribed authority approval enables institution to qualify for research-related tax benefits.
The Indian Council of Social Science Research has approved the All India Management Association, New Delhi, for purposes of the Income-tax Act provision governing deductions/exemptions for payments to approved research institutions, and a notification records this institutional recognition under section 35(1).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.