Central Government approves ‘Amul Research and Development Association, Anand, Gujarat' under the category of ‘Research Association’ for research in ‘Scientific Research’ for the purposes of clause (ii) of sub-section (1) of section 35 - 38/2024 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 38/2024 New Delhi, the 9th April, 2024 S.O. 1651(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 Amul Research and Development Association, Anand, Gujarat (PAN: AAATA2673H) under the category of Research Association for research in 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 be deemed to have been applied from Assessment Years (AYs) 2008-09 to 2021-22. [F. No. 203/10/2021/ITA-II] CASTRO JAYAPRAKASH. T., Under Secy. Explanatory Memorandum 1. This Notification is issued in consequence to Hon'ble Gujarat High Court order dated 04.08.2009 in Writ Petition No. 2913/2009 and another order dated 16.10.2018 in SCA No. 9237 of 2012 in case of M/s Amul Research and Development Association vs. CBDT. 2. It is certified that no person is being adversely affected by granting retrospective effect to this Notification.