Exemption under section 35(1)(iii) recognised for Institute for Techno Economic Studies, Madras following prescribed authority approval notification.

The prescribed authority has approved the Institute for Techno-Economic Studies, Madras for purposes of clause (iii) of sub section (1) of section 35 of the Income tax Act, thereby recognising the institution as eligible for the statutory exemption applicable to approved research institutions; this recognition is recorded by a formal notification identifying the institution and the approving authority.

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