Research Institution Approval: University of Bombay recognised under s35(1)(ii) for tax exemption purposes, effective April 1973. The University of Bombay has been approved by the prescribed authority for purposes of clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961, qualifying it within the statutory exemption framework for approved research or educational bodies; Notification No. S.O.1218 dated 17 April 1974 records the approval and declares it effective from 1 April 1973.
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Research Institution Approval: University of Bombay recognised under s35(1)(ii) for tax exemption purposes, effective April 1973.
The University of Bombay has been approved by the prescribed authority for purposes of clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961, qualifying it within the statutory exemption framework for approved research or educational bodies; Notification No. S.O.1218 dated 17 April 1974 records the approval and declares it effective from 1 April 1973.
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