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<h1>University of Sagar gains recognition under section 35 of Income-tax Act, 1961, with tax exemption from April 1, 1974.</h1> The University of Sagar, Sagar, 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 effective from April 1, 1974, as per Notification No. S.O.9 dated November 27, 1974.