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<h1>Indian College of Allergy and Applied Immunology gains tax-exempt status under Section 35, Income-tax Act 1961.</h1> The Indian College of Allergy and Applied Immunology, New Delhi, has been approved by the Indian Council of Medical Research as a recognized institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval, detailed in Notification No. S.O.3038 dated September 7, 1973, grants the institution tax exemption status, allowing it to receive contributions eligible for tax deductions.