MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION NO. 128/2021

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.

[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.