Research institution approval for tax exemption under Income-tax Act enables recognised institute to claim research-related tax treatment. The Indian Institute of Management, Calcutta has been approved by the prescribed authority for the purposes of clause (iii) of sub-section (1) of the Income-tax Act, notifying the institution's recognition and its eligibility for the tax exemption and related tax treatment accorded to recognised research institutions.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval for tax exemption under Income-tax Act enables recognised institute to claim research-related tax treatment.
The Indian Institute of Management, Calcutta has been approved by the prescribed authority for the purposes of clause (iii) of sub-section (1) of the Income-tax Act, notifying the institution's recognition and its eligibility for the tax exemption and related tax treatment accorded to recognised research institutions.
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