Exemption status for research institutions recognized; approval by prescribed authority enables tax deduction under the Income tax Act. The University of Poona has been approved by the Council of Scientific and Industrial Research as the prescribed authority's recognised institution for ... Summary
Exemption status for research institutions recognized; approval by prescribed authority enables tax deduction under the Income tax Act.
The University of Poona has been approved by the Council of Scientific and Industrial Research as the prescribed authority's recognised institution for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, and the approval is effective from 1 April 1973.
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