prpri Section 35(1)(ii): CBDT approve ‘Patanjali Research Foundation Trust’ Section 35(1)(ii): CBDT approve ‘Patanjali Research Foundation Trust’

CBDT approves M/s Patanjali Research Foundation Trust, Haridwar under the category Research Association for Scientific Research for the purposes of section 35(1)(ii) of Income-tax Act, 1961 read with rules 5C and 5D of the Income-tax Rules, 1962 vide Notification No. 79/2021-Income Tax | Dated: 12th July, 2021.

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

Notification No. 79/2021-Income Tax | Dated: 12th July, 2021

S.O. 2804(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 5D of the Income-tax Rules, 1962, the Central Government hereby approves M/s Patanjali Research Foundation Trust, Haridwar (PAN:-AABTP8183E) under the category “Research Association” for Scientific Research for the purposes of clauses (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5D 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. 79/2021/F. No. 203/09/2020-ITA-II]

PRAJNA PARAMITA, Director

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

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