CBDT approves ‘Pimpri Chinchwad Education Trust’, Pune under the category ‘University, College or Other Institution’ for Scientific Research for section 35(1)(ii) of Income-tax Act, 1961 read with rules 5C and 5E of the Income-tax Rules, 1962. vide Notification No. 128/2021-Income Tax | Dated: 31st October, 2021.
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.
