Central Board of Direct Taxes (CBDT) issued notification no. 43/2026 dated 30.03.2026 to approve deduction u/s 35(1)(ii) of the Income-tax Act, 1961 (43 of 1961) (the Act) read with Rules 5C and 5D of the Income-tax Rules, 1962 (the Rules), to ‘Indian Rubber Materials Research Institute’ (PAN:AAAAT7089F), Thane, Maharashtra for ‘Scientific Research’ under the category of ‘Research Association’.
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