Research institution approval under section 35(1)(ii) secures tax exemption recognition following prescribed authority confirmation. The Indian Council of Medical Research, as the prescribed authority under clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, approved the Society for Pharmaceutical and Industrial Research, Bombay for tax exemption purposes; this recognition was published in Notification S.O.261 dated 20 12 1972 and later withdrawn effective 01 06 1976 by Notification S.O.3114 dated 12 7 1976.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval under section 35(1)(ii) secures tax exemption recognition following prescribed authority confirmation.
The Indian Council of Medical Research, as the prescribed authority under clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, approved the Society for Pharmaceutical and Industrial Research, Bombay for tax exemption purposes; this recognition was published in Notification S.O.261 dated 20 12 1972 and later withdrawn effective 01 06 1976 by Notification S.O.3114 dated 12 7 1976.
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