Central Government approves ‘International Institute of Information Technology, Hyderabad for ‘Scientific Research' under the category of ‘University, College or Other Institution’ for the purposes of clause (ii) of sub-section (1) of section 35 - 125/2024 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 125/2024 New Delhi, the 2nd December, 2024 S.O. 5187(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 International Institute of Information Technology, Hyderabad (PAN: AAAAI6797B) for Scientific Research under the category of University, college or other institution 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 2024-25) and accordingly shall be applicable for Assessment Years 2025-26 to 2029-30. [F. No. 203/07/2024/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.