Research institution approval under income tax law confers time limited recognition and associated tax qualification. The Ugar Sugar Works Ltd., Belgaum, is approved by the prescribed authority under clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, thereby qualifying as an approved institution for income tax purposes. This statutory recognition is expressly time limited, effective from 1st March, 1979 to 28th February, 1981, and is recorded by the notifying authority for administrative purposes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Research institution approval under income tax law confers time limited recognition and associated tax qualification.
The Ugar Sugar Works Ltd., Belgaum, is approved by the prescribed authority under clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, thereby qualifying as an approved institution for income tax purposes. This statutory recognition is expressly time limited, effective from 1st March, 1979 to 28th February, 1981, and is recorded by the notifying authority for administrative purposes.
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