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MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi

Notification No. 23/2023-Income Tax Dated: 21st April, 2023

S.O. 1831(E).—In exercise of the powers conferred by clause (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 ‘National Institute of Design, Ahmedabad (PAN: AAATN1137D)’ under the category of ‘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 2023-24) and accordingly shall be applicable for Assessment Years 2024-2025 to 2028-2029.

[Notification No. 23/2023/F. No. 203/07/2022/ITA-II]
CASTRO JAYAPRAKASH T., Under Secy.

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

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5 Comments

  1. Jagir singh Pelia says:

    my wife sold plot for 49.5 lac &we jointly purchased plot in same vicinity for 38 lac in year 2022-23 . my wife have to file income tax statement if her pervious income 1lac only kindly let us she have to pay any tax?

  2. Sujay chougule says:

    My pan card was used with out my consent for a transaction of 35 lakhs and income tax raised query . I have given necessary proof for it .my expenses happened 8500/- for that proof as a fee. Now I need to prosecute who used kindly guide to know from income tax can help me out…. Income tax must respond if it’s really serious about the responsibility.

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