Physical Research Laboratory Approved for Tax Exemption Under Section 35(1)(ii) of Income-tax Act 1961
The Physical Research Laboratory in Ahmedabad has been approved by the Council of Scientific and Industrial Research as a recognized institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval grants the institution an exemption for tax purposes, effective from April 1, 1974, as per Notification No. S.O.2847 dated September 19, 1974.