Panjab University, Chandigarh 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 - 23/2024 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No. 23/2024 New Delhi, the 26th February, 2024 S.O. 859(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 Panjab University, Chandigarh (PAN: AAAJP0325R) 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. 203/24/2023/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.