Research institution exemption under section 35(1)(ii) approved, conferring tax deduction eligibility for qualifying research activities. The Council of Scientific and Industrial Research approved The Society for the study of Man, His Environment & Disease (MED) India as an institution qualifying under clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, with the approval effective from the commencement of the stated assessment year, thereby making the institution eligible for the statutory research related deduction treatment.
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Provisions expressly mentioned in the judgment/order text.
Research institution exemption under section 35(1)(ii) approved, conferring tax deduction eligibility for qualifying research activities.
The Council of Scientific and Industrial Research approved The Society for the study of Man, His Environment & Disease (MED) India as an institution qualifying under clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, with the approval effective from the commencement of the stated assessment year, thereby making the institution eligible for the statutory research related deduction treatment.
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