Approved institution status under tax law grants the foundation recognition and time-limited eligibility for research deduction treatment. Notification records formal approval of Premhari Research & Development Foundation, Bombay by the prescribed authority under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, as notified following action by the Indian Council of Agricultural Research. The approval is time-limited, effective from 1st July, 1979 for a period of two years and nine months, and serves to identify the institution and the administrative reference for tax-related recognition.
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Provisions expressly mentioned in the judgment/order text.
Approved institution status under tax law grants the foundation recognition and time-limited eligibility for research deduction treatment.
Notification records formal approval of Premhari Research & Development Foundation, Bombay by the prescribed authority under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, as notified following action by the Indian Council of Agricultural Research. The approval is time-limited, effective from 1st July, 1979 for a period of two years and nine months, and serves to identify the institution and the administrative reference for tax-related recognition.
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