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The Central Government approves M/s Indian Institute of Technology, Bhilai for scientific research, social science research, and statistical research under the Income-tax Act, 1961. The approval applies for the assessment year 2021-2022 and continues through the assessment years 2022-2023, 2023-2024, 2024-2025, and 2025-2026. No person suffers any adverse effect from the retrospective effect.
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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 8th June, 2021
S.O. 2175 (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 Indian Institute of Technology, Bhilai (PAN: AABAI0415K) 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.
Explanatory Memorandum: It is certified that no person is being adversely affected by giving retrospective effect to this notification.
