Exemption under section 35(1)(ii) granted to Indian Academy of Wood Science, confirming eligibility for research-related tax relief. Exemption under section 35(1)(ii) of the Income-tax Act is conferred on the Indian Academy of Wood Science, Bangalore by official notification; the institution has been approved by the prescribed authority for purposes of the clause permitting tax treatment of scientific research expenditures, making it eligible for the statutory tax exemption.
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(1)(ii) granted to Indian Academy of Wood Science, confirming eligibility for research-related tax relief.
Exemption under section 35(1)(ii) of the Income-tax Act is conferred on the Indian Academy of Wood Science, Bangalore by official notification; the institution has been approved by the prescribed authority for purposes of the clause permitting tax treatment of scientific research expenditures, making it eligible for the statutory tax exemption.
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