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    <title>New manufacturing R&amp;D center in Chennai approved for income tax exemption.</title>
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    <description>Central Government approves &#039;Advanced Manufacturing Technology Development Centre, Chennai&#039; as an &#039;Other Institution&#039; under &#039;University, College or Other Institution&#039; category for &#039;Scientific Research&#039; purposes u/s 35(1)(ii) of Income Tax Act, 1961 read with Rules 5C and 5E of Income Tax Rules, 1962. Notification effective from previous year 2024-25, applicable for assessment years 2025-26 to 2029-30. No adverse impact from retrospective effect.</description>
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