Income Tax Update – Highlights on Recent Amendments
Bhaven Dilipbhai Mehta
Recent Important Notifications -
• Notification no. – 06/2006 dated 12-05-2026 -
As per this notification, the Principal Chief Commissioner of Income Tax (Exemptions) Delhi, has given approval to M/s. Shree Hari Arogyam Foundation, having registered office at Sector 3, Gandhinagar, Sector 23, S.O. Gandhinagar, Gujarat, as a Company to carryout “Scientific Research” activity as defined Sec. 35(1)(iia) of the Income tax Act, 1961 read with rule 5F of Income Tax Rule 1962.
This approval is given to the Company for 5 years, i.e. from Assessment Year 2026-27 to Assessment Year 2030-31.
As per this approval if any assessee pays any sum of money to the company for use of such sum of money for it’s Scientific Research activity, then the assessee will get full deduction of such amount paid, from his taxable income.
As per clause (iii) of Sectio.......


