Research institution tax exemption approved for Savita Research Centre, conferring eligibility for research and development tax deductions. The Secretary, Department of Science & Technology, as the prescribed authority, approved Savita Research Centre, Bombay for the purpose of the provision granting research expenditure exemption, thereby enabling the institution's eligible research expenditure to qualify for the statutory deduction regime; the notification identifies the institution and specifies the operative period for which the approval and exemption apply.
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Provisions expressly mentioned in the judgment/order text.
Research institution tax exemption approved for Savita Research Centre, conferring eligibility for research and development tax deductions.
The Secretary, Department of Science & Technology, as the prescribed authority, approved Savita Research Centre, Bombay for the purpose of the provision granting research expenditure exemption, thereby enabling the institution's eligible research expenditure to qualify for the statutory deduction regime; the notification identifies the institution and specifies the operative period for which the approval and exemption apply.
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