Approval under Section 35(1)(ii) permits institution eligibility for scientific research expenditure for a limited notified period. Hastimal Sancheti Memorial Trust, Poona is approved as an approved institution by the Indian Council of Medical Research for the limited purpose of expenditure on scientific research under clause (ii) of sub section (1) of section 35 of the Income tax Act; the approval applies only to qualifying scientific research expenditure and is effective for a specified two year period commencing mid December 1977 and ending mid December 1979.
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Provisions expressly mentioned in the judgment/order text.
Approval under Section 35(1)(ii) permits institution eligibility for scientific research expenditure for a limited notified period.
Hastimal Sancheti Memorial Trust, Poona is approved as an approved institution by the Indian Council of Medical Research for the limited purpose of expenditure on scientific research under clause (ii) of sub section (1) of section 35 of the Income tax Act; the approval applies only to qualifying scientific research expenditure and is effective for a specified two year period commencing mid December 1977 and ending mid December 1979.
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