Research expenditure exemption recognised for Nowrosjee Wadia Maternity Hospital, enabling statutory tax treatment for approved medical research institutions. Nowrosjee Wadia Maternity Hospital, Bombay, has been approved by the prescribed medical research authority for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, thereby recognising the institution for the statutory research expenditure exemption and informing the public of its entitlement to the tax treatment provided for approved medical research institutions.
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.
Research expenditure exemption recognised for Nowrosjee Wadia Maternity Hospital, enabling statutory tax treatment for approved medical research institutions.
Nowrosjee Wadia Maternity Hospital, Bombay, has been approved by the prescribed medical research authority for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, thereby recognising the institution for the statutory research expenditure exemption and informing the public of its entitlement to the tax treatment provided for approved medical research institutions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
