Exemption under section 35(1)(ii): approval grants notified research institution tax exemption following prescribed authority approval. Notification confirms grant of exemption under section 35(1)(ii) to the Electrical Research and Development Association, Bombay following approval by the prescribed authority, the Council of Scientific and Industrial Research, and states that the approval is effective from 1 April 1974, thereby notifying the institution's entitlement to the statutory research-related tax exemption.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35(1)(ii): approval grants notified research institution tax exemption following prescribed authority approval.
Notification confirms grant of exemption under section 35(1)(ii) to the Electrical Research and Development Association, Bombay following approval by the prescribed authority, the Council of Scientific and Industrial Research, and states that the approval is effective from 1 April 1974, thereby notifying the institution's entitlement to the statutory research-related tax exemption.
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