Notification No. 128/2021 [F. No. 203/08/2020/ITA-II] / SO 4530(E)

Last updated: 12 November 2021

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The Central Board of Direct Taxes has approved the Pimpri Chinchwad College of Engineering, under the Pimpri Chinchwad Education Trust, for scientific research. This approval falls under the category of 'University, College or Other Institution' as per Section 35(1)(ii) of the Income-tax Act, 1961. The approval is effective from the date of publication in the Official Gazette, applying to Assessment Years 2022-23 through 2027-28.

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

Notification No. 128/2021-Income Tax

New Delhi, the 31st October, 2021

S.O. 4530(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 5E of the Income-tax Rules, 1962, the Central Government hereby approves ^„Pimpri Chinchwad College of Engineering^‟ under the aegis of Pimpri Chinchwad Education Trust, Pune (PAN: AAATP3981F) under the category “University, College or Other Institution” for Scientific Research for the purposes of clause (ii) 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.

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. 128/2021/ F. No. 203/08/2020/ITA-II]
RAVINDER MAINI, Director

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

FAQ :

This notification approves the Pimpri Chinchwad College of Engineering for scientific research under specific sections of the Income-tax Act, 1961.

Pimpri Chinchwad College of Engineering, managed by Pimpri Chinchwad Education Trust, Pune, has been approved.

The approval is under the category 'University, College or Other Institution' for Scientific Research.

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

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

Notification No : 128/2021-Income Tax
Source : https://www.incometaxindia.gov.in/communications/notification/notification-128-2021.pdf

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