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of <h1>Gujarat Research Society Loses Tax Exemption Under Income-tax Act Section 35(1)(ii); Effective April 1, 1976.</h1> The Gujarat Research Society, Bombay, was approved by the Indian Council of Medical Research for research purposes under section 35(1)(ii) of the Income-tax Act, 1961. This approval, effective from April 1, 1974, allowed the institution certain tax exemptions. However, this exemption was withdrawn effective April 1, 1976, as per Notification No. S.O.1523 dated February 19, 1976.
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