The famous Buddhist council held during the reign of Kanishka in Kashmir, which compiled the commentaries on the Tripitaka known as the Upadesha Shastras and Vibhasha Shastras, was the:

💡 Solution & Explanation

The Fourth Buddhist Council was convened in Kashmir under the patronage of Kanishka, where scholars compiled extensive Sanskrit commentaries known as Vibhasha Shastras. The assembly also marked the formal division of Buddhism into Mahayana and Hinayana sects. Vasumitra served as the president of this prestigious council.