The Principal Chief Commissioner of Income Tax (Exemptions), acting under the authority of the Income Tax Act, 1961, has approved IIT Madras Research Park for “Scientific Research” under a specific section of the Act. This approval is for a period of five years, starting from the assessment year (AY) 2026-27 and concluding with AY 2030-31. This decision allows for the company to receive certain benefits, specified in the relevant clause of the law, related to its scientific research activities.
This notification from the Central Board of Direct Taxes is effective from August 27, 2025. An explanatory memorandum accompanying the order clarifies that the retrospective application of this notification does not negatively impact any individual. The order is being distributed to various tax authorities and government departments for dissemination and implementation, including the Chairman of the CBDT, and will be published on official websites for public access.
F.No. PCCIT(E)/Notification u/s 35(1)(iia)/01/2025/1912
Government of India
Ministry of Finance
Central Board of Direct Taxes
Pr. Chief Commissioner of Income Tax (Exemptions)
Notification No. 01/2025-Income Tax | Dated: 27th Aug. 2025
Order under clause (iia) of sub-section (1) of section 35 of the Income Tax Act, 1961 read with Rule 5F of the Income Tax Rules 1962
In exercise of the powers conferred by section 35(1)(iia) of the Income Tax Act, 1961, read with Rule 5F of the Income Tax Rules 1962, the Pr. Chief Commissioner of Income Tax (Exemptions), Delhi hereby accords approval to the company M/s IIT Madras Research Park (AABCI5225P), HP Lab Department of Elec. Engg., Taramani, TTTI Taramani S.O. Chennai, Tamil Nadu-600113 for ‘Scientific Research’ for the purpose of the clause (iia) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rule 5Fof Income-tax Rules, 1962.
2. This Notification shall be applicable from 01.04.2025 to 31.03.2030 i.e. for five
Assessment years (AY) from 2026-27 to AY 2030-31.
(Rajeshwar Yadav)
Principal Chief Commissioner of Income Tax (Exemptions),
New Delhi
Explanatory Memorandum: It is certified that no person is being adversely affected by granting retrospective effect to this notification.
Copy to:-
1. PPS to the Chairman and Members, CBDT, North Block, New Delhi
2. All Pr. Chief Commissioners/Director Generals of Income Tax – with a request to circulate amongst all Officers in their regions/charges.
3. JS(TPL)-1&II/Media Co-ordinator and Official Spokesperson of CBDT.
4. DIT(IT)/DIT(Audit)/DIT(Vig.)/ADG(System)1,2,3,4,5/CIT(ITBA),CIT(CpC), Bengaluru, CIT(CPC-TDS), Ghaziabad.
5. ADG (PR.PP&OL) with a request for advertisement campaign for the Notification.
6. TPL and ITA Divisions of CBDT.
7. The Institute of Chartered Accountants of India, IP Estate, New Delhi.
8. Web Manager, “incometaxindiagov.in” for hosting on the website.
9. Database cell for uploading on www.irsofficersonline.qov.in and the DG System,s Corner.
10. ITBA Publisher for uploading on ITBA Website.
(Satbir Singh)
Income Tax Officer (Hqrs.) (E)-1
0/o the Pr. CCIT(Exemptions), New Delhi.
