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<h1>IIT Madras Gains Recognition for Tax Exemptions Under Section 35 of Income-tax Act 1961, Effective April 1973.</h1> The Indian Institute of Technology, Madras, has been approved by the Council of Scientific and Industrial Research as a recognized institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval allows the institution to receive exemptions, effective from April 1, 1973, as per Notification No. S.O.287 dated December 10, 1973.