Research exemption under section 35(1)(ii) confirms Salgaocar Medical Research Centre's approval for research-only tax benefits effective April. Salgaocar Medical Research Centre, Goa, has been approved by the Indian Council of Medical Research as the prescribed authority under clause (ii) of sub section (1) of the Income tax Act for research purposes only, and the notification fixes the date from which this approval operates, establishing the centre's eligibility for the related tax exemption.
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Provisions expressly mentioned in the judgment/order text.
Research exemption under section 35(1)(ii) confirms Salgaocar Medical Research Centre's approval for research-only tax benefits effective April.
Salgaocar Medical Research Centre, Goa, has been approved by the Indian Council of Medical Research as the prescribed authority under clause (ii) of sub section (1) of the Income tax Act for research purposes only, and the notification fixes the date from which this approval operates, establishing the centre's eligibility for the related tax exemption.
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