Exemption under section 35(1)(ii): Nanavati Hospital Medical Research Centre approved by prescribed authority for research expenditure recognition. The Nanavati Hospital Medical Research Centre, Bombay, has been notified as approved by the prescribed authority for the purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, making the institution eligible under the statutory framework that links prescribed authority approval to recognition of research expenditure for 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): Nanavati Hospital Medical Research Centre approved by prescribed authority for research expenditure recognition.
The Nanavati Hospital Medical Research Centre, Bombay, has been notified as approved by the prescribed authority for the purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, making the institution eligible under the statutory framework that links prescribed authority approval to recognition of research expenditure for tax exemption.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
