The Pr. Chief Commissioner of Income Tax (Exemptions), Delhi issued a notification (No. 02/2025 Income Tax, dated October 17, 2025) granting approval to M/s Mazumdar Shaw Medical Foundation (PAN: AAICM6964A) for Scientific Research. This approval is accorded under Section 35(1)(iia) of the Income Tax Act, 1961, read with Rule 5F of the Income Tax Rules, 1962. This section of the Act typically allows for a weighted deduction on expenditure incurred on scientific research. The Foundation, located in Bangalore, Karnataka, is now recognized for this purpose by the Income Tax Department. This notification will be applicable for five consecutive Assessment Years, beginning with AY 2025-26 and concluding with AY 2029-30. The order includes an Explanatory Memorandum certifying that the retrospective effect of the notification does not adversely affect any person. Copies of the order are to be circulated among various Income Tax authorities, CBDT divisions, and professional bodies, and are to be hosted on the official Income Tax website for public and official dissemination.
F.No. PCCIT(E)/Notification u/s 35(1)(iia)/02/2025/2373
Government of India
Ministry of Finance
Central Board of Direct Taxes
Pr. Chief Commissioner of Income Tax (Exemption)
Notification No 02/2025 – Income Tax | Dated: 17 oct 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 Mazumdar Shaw Medical Foundation, (PAN: AAICM6964A), having registered office at No. 258/A, 8th Floor, A Block, Mazumdar Shaw Medical Centre, NH Health City, Banglore South, Bommasandra Industral Estate S.O. Banglore, Karnataka, India 560099 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 5F of the Income-tax Rules,1962.
2. This Notification shall be applicable for five Assessment years (AY) from AY 2025-26 to AY 2029-30.
(Debjyoti Das)
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)-I&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),
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, “incometaxindia gov.in” for hosting on the website.
9. Database cell for uploading on irsofficersonline.qov.in and the DG Systems Corner.
10. ITBA Publisher for uploading on ITBA Website.
Income Tax Officer (Hqrs.) (E)-1
0/0 the Pr. CCIT(Exemptions), New Delhi.
