Electrical Research and Development Association approved for tax exemption under section 35(1)(ii) of Income-tax Act, 1961.
The Electrical Research and Development Association, Bombay, has been approved by the Council of Scientific and Industrial Research as a recognized institution for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval grants the institution an exemption under section 35(1)(ii) and is effective from April 1, 1974, as per Notification No. S.O.2483 dated August 26, 1974.