Notification No.79/2021 u/s 35(1)(ii) of the Income-tax Act, 1961 in the case of M/s Patanjali Research Foundation Trust, Haridwar

Last updated: 14 July 2021

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The Central Government has approved M/s Patanjali Research Foundation Trust, Haridwar, as a 'Research Association' for scientific research. This approval is granted under Section 35(1)(ii) of the Income-tax Act, 1961, and is effective from the Previous Year 2021-2022. The approval will be applicable for Assessment Years 2022-23 to 2027-28.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 12th July 2021

S.O. 2804(E).—In exercise of the powers conferred by clauses (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with rules 5C and 5D of the Income-tax Rules, 1962, the Central Government hereby approves M/s Patanjali Research Foundation Trust, Haridwar (PAN:- AABTP8183E) under the category “Research Association” for Scientific Research for the purposes of clauses (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5D 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 2021-2022) and accordingly shall be applicable for Assessment Year(s) 2022-23 to 2027-28.

[Notification No. 79/2021/F. No. 203/09/2020-ITA-II]
PRAJNA PARAMITA, Director

Explanatory Memorandum: It is certified that no person is being adversely affected by granting retrospective effect to this notification.

FAQ :

This notification approves M/s Patanjali Research Foundation Trust, Haridwar, as a 'Research Association' for scientific research under the Income-tax Act, 1961.

The approval is granted under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.

The notification is effective from the date of publication in the Official Gazette, which is from the Previous Year 2021-2022.

This approval is applicable for Assessment Years 2022-23 to 2027-28.

The notification was issued by the Central Board of Direct Taxes (CBDT), Ministry of Finance, Government of India.