section 35 (2AB)(1) of the Income-tax Act, 1961 – Expenditure on scientific research notified article or thing

NOTIFICATION NO. SO. 403(E)/2008, DATED 28-2-2008

In exercise of the powers conferred by clause (1) of sub-section (2AB) of section 35 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby notifies manufacture or production of agricultural implements being an article or thing for the purpose of the said clause.

This notification shall come into effect from the 1st day of April, 2009 and shall accordingly apply for assessment year 2009-10 and subsequent assessment years.

[F. No. 52/FB/2008-TPL]