Exemption under section 35(1)(ii) approved for a research institution, operative from April effective 1974 with prescribed authority approval. The Mahatma Gandhi Institute of Medical Sciences, Wardha, has been approved by the prescribed authority for the purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act for research purposes only, and that approval is notified as effective from 1 April 1974, rendering the institution eligible for the research limited tax exemption under the provision.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35(1)(ii) approved for a research institution, operative from April effective 1974 with prescribed authority approval.
The Mahatma Gandhi Institute of Medical Sciences, Wardha, has been approved by the prescribed authority for the purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act for research purposes only, and that approval is notified as effective from 1 April 1974, rendering the institution eligible for the research limited tax exemption under the provision.
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