Notification under section 35 of the Income tax Act 1961 in case of Prayoga, Bengaluru

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-30012024-251647 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 344] NEW DELHI, TUESDAY, JANUARY 30, 2024 THE GAZETTE OF INDIA: EXTRAORDINARY MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th January, 2024 No. 18/2024 S.O. 365(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 'M/s Prayoga, Bengaluru (PAN: AACTP9202D) as ‘Other Institution' 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. [F. No. 203/11/2023/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.