CBDT approves M/s Bennett University,

Last updated: 10 March 2021

Save Share

Quick Summary

The Central Board of Direct Taxes (CBDT) has approved M/s Bennett University, Greater Noida, for scientific research, social science research, and statistical research. This approval allows the university to be recognised under the Income-tax Act, 1961, for specific tax benefits. The approval is effective retrospectively from the assessment year 2020-2021 and will continue for subsequent years.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA PART II SECTION 3 SUB-SECTION (ii) EXTRAORDINARY)
Government of India

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 9th March, 2021

Notification No. 12 /2021-Income Tax

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 :

The CBDT has approved M/s Bennett University, Greater Noida, as an institution for Scientific Research, Research in Social Science, and Statistical Research.

Bennett University is approved under clauses (ii) and (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961.

This notification is deemed to have been applied for the assessment year 2020-2021 and will apply for assessment years 2021-2022, 2022-2023, 2023-2024, and 2024-2025.

Bennett University falls under the category of 'University, College or other institution' for the specified research purposes.