Scientific research programme has been approved by the period specified below for the purpose of sub-section (2A) of section 35 of the Income-tax Act, 1961
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Research programme approval under section 35(2A) confirms tax recognition for an approved project with sponsor and institute.
Approval is granted for a specific scientific research programme for the purposes of section 35(2A) of the Income-tax Act, 1961, read with rule 6(iv) of the Income-tax Rules, 1962, recognising the project titled Development of Leaf Type Quartz Crystal for Electronic Watches/Clocks by Chemical Milling Techniques; sponsor M/s. Hindustan Machine Tools Ltd., implementing authority Indian Institute of Science, commencement 1-4-1983, proposed completion 31-3-1985, with an estimated outlay.