Exemption under section 35(1)(ii) approved for University of Sagar, making it eligible for income tax research deduction. The University of Sagar has been approved by the prescribed authority under clause (ii) of sub section (1) of section 35 of the Income tax Act, with notification S.O.9 dated 27 11 1974 and effective from 1 April 1974, thereby qualifying the institution for the tax treatment applicable to research expenditure under that provision.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35(1)(ii) approved for University of Sagar, making it eligible for income tax research deduction.
The University of Sagar has been approved by the prescribed authority under clause (ii) of sub section (1) of section 35 of the Income tax Act, with notification S.O.9 dated 27 11 1974 and effective from 1 April 1974, thereby qualifying the institution for the tax treatment applicable to research expenditure under that provision.
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