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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Indian Institute of Geomagnetism gains tax exemption status under Section 35(1)(ii) of Income-tax Act, effective April 1973.</h1> The Indian Institute of Geomagnetism in Bombay has been approved by the Council of Scientific and Industrial Research as an institution eligible for tax exemption under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval grants the institution certain tax benefits and is effective from April 1, 1973, as per Notification No. S.O.491 dated January 9, 1974.
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