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Patanjali withdraws tax exemption application after revenue dept expresses "reservations"

Updated : May 14, 2019 05:31 PM IST

Under Section 35 (I) (iia) of the Income Tax Act, one is allowed 125 percent deduction on scientific research expenditure.
It had applied for exemption in April 2018 and withdrew the application on 30 April 2019.
"The company may apply afresh for the same exemption in future," Patanjali spokesperson said​.
Patanjali withdraws tax exemption application after revenue dept expresses
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