Notification u/s 35(1)(ii) of the Income Tax Act, 1961 in the case of Central Power Research Institute, Bengaluru

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-14012025-260231 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 242] NEW DELHI, TUESDAY, JANUARY 14, 2025/PAUSHA 24, 1946 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 14th January, 2025 S.O. 244(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 5D of the Income-tax Rules, 1962, the Central Government hereby approves Central Power Research Institute (CPRI) (PAN: AAAAC0268P), Bengaluru under the category of 'Research Association' 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 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 2024-25) and accordingly shall be applicable for Assessment Years 2025-2026 to 2029-2030. [Notification No. 07/2025/F. No. 203/20/2024/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.