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CBDT approves ‘Bennett University’ for Scientific Research under Section 35(1)

cbdt-approves-‘bennett-university’-for-scientific-research-under-section-35-1

CBDT vide Notification No. 12 /2021/ F.No. 203/13/2019/ITA-II dated 9th March, 2021 has approved  M/s Bennett University, Greater Noida, Uttar Pradesh (PAN: AAAJB1388A) under the category of ‘University, College or other institution’ for Scientific Research and Research in Social Science and Statistical Research for the purposes section 35(1)(ii)/(iii) of the Income-tax Act, 1961 read with rules 5C and 5E of the Income-tax Rules, 1962.


Bennett University (BU) is set up at Greater Noida and was established under the aegis of the Times Group. BU Noida is famous for its MBA/PGDM, B.Tech, Ph.D. program. It is recognised as a Scientific and Industrial Research Organization (SIRO) by the Department of Scientific and Industrial Research (DSIR), Ministry of Science and Technology, Government of India.




Read the full text of Notification No. 12/2021 dated 09.03.2021 on approval of ‘Bennett University’ for Scientific Research


MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION


New Delhi, the 9th March, 2021


S.O. 1069(E).—In exercise of the powers conferred by clauses (ii) and (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with rules 5C and 5E of the Income-tax Rules, 1962, the Central Government hereby approves M/s Bennett University, Greater Noida, Uttar Pradesh (PAN: AAAJB1388A) under the category of ‘University, College or other institution’ for Scientific Research and Research in Social Science and Statistical Research for the purposes of clauses (ii) and (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with rules 5C and 5E of the Income-tax Rules, 1962.



2. This Notification shall be deemed to have been applied for the assessment year 2020-2021 and shall apply with respect to the assessment years 2021-2022, 2022-2023, 2023-2024, 2024-2025.


[Notification No. 12 /2021/ F.No. 203/13/2019/ITA-II]

RAVINDER MAINI, Director


Explanatory Memorandum: It is certified that no person is being adversely affected by giving retrospective effect to this notification.


Download CBDT Notification No. 12/2021 dated 09.03.2021 on approval of ‘Bennett University’ for Scientific Research in pdf format



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