CBDT vide Notification No. S.O. 270(E) [F.No.203/02/2022/ITA-II] / dated 16th January 2023 approves Indian Institute of Science Education and Research, Tirupati (PAN: AAAAI9820P) u/s 35(1)(ii) of the Income-tax Act, 1961 under the category of ‘University, College or other institution’ for Scientific Research for ‘Scientific Research’.
This approval shall remain in force from assessment years 2023-24 to 2027-28.
Read the full text of Notification No. S.O. 270(E) dated 16.01.2023
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 16th January, 2023
S.O. 270 (E).— In exercise of the powers conferred by clause (ii) 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 ‘Indian Institute of Science Education and Research, Tirupati (PAN: AAAAI9820P)’ under the category of ‘University, College or Other Institution’ for ‘Scientific Research’ for the purposes of clause (ii) of sub- Section (1) of Section 35 of the Income-tax Act, 1961 read with Rules 5C and 5E of the Income-tax Rules, 1962.
2. This Notification shall apply with effect from the date of publication in the Official Gazette (i.e., from the Previous Year 2022-23) and accordingly shall be applicable for Assessment Years 2023-2024 to 2027-2028.
[F. No. 203/02/2022/ITA-II]
RAVINDER MAINI, Director
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