MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
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.
2. This Notification shall be deemed to have been applied for the assessment year 2021-2022 and shall apply with respect to the assessment years 2022-2023, 2023-2024, 2024-2025 and 2025-2026.
[(Notification No. 70 /2021) F.No.203/06/2020/ITA-II]
PRAJNA PARAMITA, Director
Explanatory Memorandum: It is certified that no person is being adversely affected by giving retrospective effect to this notification.