The Central Government hereby approves ‘M/s Prayoga, Bengaluru as ‘Other Institution’ under the category of ‘University, College or Other Institution’ for ‘Scientific Research’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5E of the Income-tax Rules, 1962.
CBDT issued notification no. 1/2026 dated 05.01.2026 to provide exemption under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43 of 1961) to Inbar Holding RSC Limited in respect of the eligible investment