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The Central Government approves Sardar Vallabhbhai National Institute of Technology under the category of University, college or other institution for Scientific Research. This approval applies for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. The notification applies with effect from the date of publication in the Official Gazette. The approval applies from the Previous Year 2023-24 and remains applicable for Assessment Years 2024-25 to 2028-29.
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THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 13th March, 2024
(No. 30/2024)
S.O. 1325(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 ‘Sardar Vallabhbhai National Institute of Technology’, Surat (PAN: AAAJS1184P) 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.
[F. No. 203/20/2023/ITA-II] CASTRO JAYAPRAKASH T., Under Secy.
Explanatory Memorandum: It is certified that no person is being adversely affected by granting retrospective effect to this notification.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.
