Notification No. 12 /2021 [F.No. 203/13/2019/ITA-II] / SO 1069(E)

Last updated: 11 March 2021

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The Central Board of Direct Taxes has approved Bennett University, Greater Noida, for scientific research, and research in social science and statistical research. This approval allows donations to the university for these purposes to be eligible for deductions under specific sections of the Income-Tax Act, 1961. The approval is effective retrospectively from the assessment year 2020-2021 and will continue for subsequent years up to 2024-2025.

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.

FAQ :

This notification approves M/s Bennett University for specific types of research under the Income-Tax Act, 1961, making donations for these research purposes eligible for tax deductions.

Bennett University is approved for Scientific Research, Research in Social Science, and Statistical Research.

The approval is deemed to have been applied for the assessment year 2020-2021 and applies to assessment years 2021-2022, 2022-2023, 2023-2024, and 2024-2025.

The approval is granted under clauses (ii) and (iii) 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.

No, it is certified that no person is being adversely affected by giving retrospective effect to this notification.

Notification No : 12 /2021
Source : https://www.incometaxindia.gov.in/communications/notification/notification_12_2021.pdf

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